Sears Holdings – Unsecured Creditors Object to Going Concern Sale, Argue that “Wishful Thinking” Should not be Allowed to Justify $125 million Monthly Burn Rate

November 9, 208 – The Debtors’ Official Committee of Unsecured Creditors filed an objection [Docket No. 640] to the Debtors’ proposed global bidding procedures [Docket No. 429]. The Committee asserts, “If approved, the Global Bidding Procedures will lock the Debtors into a three-to-four month process for a going concern sale of the Go Forward Stores…