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The future of Sears

(CNN) — Sears should know its fate within the next few days.

The retailer, which once was the largest in the U.S., has a bankruptcy hearing beginning Monday.

Under consideration is a plan to sell all of Sears’ assets including more than 400 stores to its chairman Eddie lampert. That is the only way for the 133-year-old company to stay afloat and save about 45,000 jobs.

Not everyone supports the idea though. Some creditors say Sears should be closed and liquidated/

The judge says the hearing will likely last a few days and a ruling could come from his bench. Even if the plan is approved, Sears still faces an uphill battle.


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