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Sears


Sears

As part of a multistate group, Tennessee filed suit against Sears Roebuck, contending that the company had allegedly wrongfully importuned certain bankrupt users of its Sears Credit Card to reaffirm debt that would ordinarily be discharged under the terms of Chapter 7 Bankruptcy, with the knowledge that post-bankruptcy collection of such debt was unlawful. As the result of the settlement, the court ordered that consumers whose debt had allegedly been wrongfully collected be recompensed for their losses and for such interest as may have accrued on said funds. Sears was also directed to make additional payment of $25 million to be divided among the affected consumers in proportion with monies lost, and $35 million to be divided among the multistate group, of which Tennessee received a pro rata share.

State Court Filings in Sears

This list includes only significant filings and is not intended to be a complete record of the matter.