The day Sears shut down was a sad day for the employees and a sad day for the millions of people across Canada that shopped in their stores. Assume Sears was no longer able to pay its bills. Among other things, they owed $22 million to employees for unpaid pension obligations, $65 million to RBC in debt that was incurring interest costs at 12%, $22.5 million to BMO in the form of a mortgage on their flagship store in downtown Toronto, and $132 million to a variety of small creditors. Sears has a number of underperforming stores but it also has a number of stores that were doing quite well. They also believe that their head office staffing levels are a 'little high'. Which term would you use to describe Sears' financial situation and explain what might happen under the Companies' Creditors Arrangement Act (CCAA). Show me you understand this stuff by speaking specifically to each of the debt obligations.