THE CANADIAN PRESS/Paul Chiasson " data-medium-file="https://shawglobalnews.files.wordpress.com/2017/08/pch159419900_high.jpg? quality=70&strip=all&w=300" data-large-file="https://shawglobalnews.files.wordpress.com/2017/08/pch159419900_high.jpg? THE CANADIAN PRESS/Ryan Remiorz " data-medium-file="https://shawglobalnews.files.wordpress.com/2017/08/ryr501418720_high.jpg? quality=70&strip=all&w=300" data-large-file="https://shawglobalnews.files.wordpress.com/2017/08/ryr501418720_high.jpg? quality=70&strip=all&w=650" / A man watches a television screen showing U. President Donald Trump and North Korean leader Kim Jong Un during a news program at the Seoul Train Station in Seoul, South Korea, Thursday, Aug. AP Photo/ Ahn Young-joon " data-medium-file="https://shawglobalnews.files.wordpress.com/2017/08/trump-un.jpg? quality=70&strip=all&w=300" data-large-file="https://shawglobalnews.files.wordpress.com/2017/08/trump-un.jpg? quality=70&strip=all&w=720" / Denis Shapovalov of Canada celebrates after defeating Rafael Nadal of Spain during round of sixteen play at the Rogers Cup tennis tournament Thursday August 10, 2017 in Montreal. 2002), the authors suggested that a letter of credit could be used by a landlord to recover rejection damages in excess of the §502(b)(6) cap. Because the Code and Rules authorize a debtor or trustee to file a proof of claim on behalf of a creditor, the opening provided for landlords by the court in Stonebridge Technologies will likely be of limited use.Prior to filing for bankruptcy, the debtor enters into a lease with a landlord and as part of the transaction, the landlord requires a letter of credit to be issued in its favor as "security" or a "credit enhancement." Upon filing for bankruptcy, the debtor rejects the lease, and the landlord draws on the letter of credit to recover some of its damages. All other Sears Canada locations and the online retail store will continue to operate, the company noted in a statement. Why retail jobs will keep disappearing Sears Canada said customers can expect liquidation sales at the locations set for closure. Here are the 59 locations that will be closed as a result of Sears Canada’s effort to restructure its business. Sears Canada filed for creditor protection on June 22 and obtained court approval Tuesday to begin sales July 21.
Current No Load investors will be moved into “A” shares, but will be able to buy load-waived shares. Loomis Sayles Growth Fund (LGRNX) closes to new investors …
Warranties and repair guarantees will be honoured Sears’ extended warranties on products like mattresses and appliances will remain valid, the retailer said.“Customers can call a toll-free home repair service number, 1-800-4-MY-HOME (in French, 1-800-LE-FOYER) and service is arranged by them.