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What type of bankruptcy did Sears Holdings Corporation file for in 2018?
Chapter 7
Chapter 9
Chapter 11
Chapter 13
Answer
Sears Holdings Corporation filed for Chapter 11 bankruptcy in 2018. This type of bankruptcy allows companies to reorganize their debts and assets while continuing to operate, with the goal of eventually emerging from bankruptcy.
Sears Holdings Showdown: Test Your Knowledge of the Retail Giant's Legacy (2005-2019)
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