Bankruptcy Filing Shifts Spotlight to Sears’ Pension Plans

As Sears files for Chapter 11 bankruptcy protection, the future of its massive pension obligations is in question. The storied retailer has around 90,000 retirees with pensions, and Eddie Stone, counsel to ProtectSeniors.org, said Sears is still "on the hook" for those funds unless it ends up being liquidated.

After years of declining sales, Sears, once America's largest retailer, has filed for bankruptcy. Evan Clark, Deputy Managing Editor at WWD, joined Cheddar to discuss whether the retailer can emerge out of bankruptcy.

Sears, the 125-year-old retailer that pioneered the use of the U.S. Postal Service to sell Americans everything from jewelry to tires, has filed for chapter 11 bankruptcy protection.