How secure are Sears Holdings securities?

The most secure of the Sears Holdings securities are the 2nd Lien 10/15/2018 Bonds which are selling for 10 cents on the dollar, all shareholders should own these bonds, as they are worth par plus interest once we win on appeal based on the precedent in the Supreme Court Case In re: Rash v Commercial Corporation US Supreme Court case found here.

Does Sears have more liabilities than assets?

Sears has more liabilities than assets. Stock holders are most likely to receive nothing in bankruptcy. Bond holders have a potential for a payout. After 132 years of being in business, Sears ( SHLD) has filed for Chapter 11 bankruptcy protection.

What happened to Sears Holdings?

Today, Sears Holdings is largely a paper entity that has been stuck in Chapter 11 purgatory for years, with the litigation against Lampert and other parties holding up final execution of its bankruptcy plan, approved long ago. The remaining Sears and Kmarts were sold to Transformco — controlled by Lampert — in early 2019.