A bankruptcy filing will occur after Lampert runs out of assets to strip. Now he’s going after Sears’ IP, meaning he’s scraping the bottom of the barrel.
Bon-Ton Stores, which had hired bankruptcy advisors in September, announced some details yesterday on a new wave of store closings in early 2018, involving 42 stores. Bon-Ton has taken on a third-party liquidator to get rid of the merchandise in those stores. Liquidation sales begin today.