While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of ‘get of jail free card,’ the reality of the legal procedure is more complicated.
The Sears catalog made it easier for anyone to live the American dream.
Classic Film
Sears and other department stores not only changed how Americans consumed but altered the very nature of society and culture as well.
Shoppers browse at a Sears Canada store in Toronto in October after the company began liquidation sales. Its retirement funds are short $308 million, forcing a 19 per cent cut to employee pensions.
(THE CANADIAN PRESS/Nathan Denette)