Orchard Supply Said to Consider Bankruptcy Filing
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Orchard Supply Hardware Stores Corp., the chain spun off by Eddie Lampert’s Sears Holdings Corp. 17 months ago, is considering filing for bankruptcy as soon as next week, said people familiar with the matter.
The chain is also continuing talks with lenders on a restructuring of about $261 million in debt and capital lease obligations, said two of the people, who asked not to be identified because the process isn’t public.