Sears and Kmart employees aren’t necessarily out of luck when it comes to receiving severance — but it all depends on timing (SHLD)

The fate of Sears is still unclear, leaving thousands of jobs in jeopardy. But the question of whether or not Sears and Kmart employees will receive their severance checks from the bankrupt retailer largely comes down to when they were let go. Employees who were laid off shortly before the company filed for Chapter 11 bankruptcy protection in October are now technically unsecured creditors. These ex-employees can only receive up to $12,850 under US

Continue reading...