Go to the following story about the bankruptcy filing of Sears Holdings Corp., https://www.cnbc.com/2018/10/15/sears-files-for-bankruptcy.html. Search for other stories about the bankruptcy of Sears Holdings.

Next, go to the Securities and Exchange Commission website (www.sec.gov) and click on “Search for Company Filings” under “Filings.” Then click on “Company or Fund Name” and enter “Sears Holdings.” Click on the most recent 10-K form. What information is available in this document about the company’s bankruptcy reorganization plan?

Required

Assume a client of your firm holds an ownership stake in Sears Holdings. Based on these searches, write a memo to the client to describe the information available about the bankruptcy filing of Sears Holdings Corp.