Guessing the month and year of a Sears bankruptcy has become something of a macabre parlor game across retail and the financial world. Few will likely be surprised by the news of any potential filing, though if it comes soon, it would do so after years of false predictions.
Just about any other retailer in the country with Sears’ debt load and profit losses would have fallen into Chapter 11 years ago. But not every retailer has the advantage of being controlled by a hedge fund mogul determined to keep it out of bankruptcy by loaning it money out of his own fund.
