The news just gets worse for Sears. If it's determined that they were insolvent at the time the Craftsman sale was signed, or if Sears becomes insolvent because of it, the deal could be "voidable, in whole or part". If Sears is found insolvent or is bankrupt, the brands would then be sold to satisfy senior creditors. Craftsman Deal Voided The news just gets worse for Sears Holdings; they finally admitted that there is "substantial doubt" that the company can remain in business. Washington Post Article Just last month Sears announced it was planning a "strategic transformation" that sent stock prices higher. Just 6 weeks later they claim there is substantial doubt that they will remain viable. That sure sounds like someone is manipulating stock prices, and I wouldn't put it past their thug of a CEO. To top it off, the senior executives are leaving the company in droves and there is no plan for replacing them. Sears Executives Quitting It's a shame; Sears was once a great company, but I don't see any road to recovery for them at this point.