Sears Hometown Files for Bankruptcy in Delaware
- Retailer branch focuses on appliances, hardware and equipment
- Parent Sears has a dwindling presence as few stores remain
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Sears Hometown Stores Inc. filed for bankruptcy on Monday, court papers show.
The retailer listed assets of no more than $50 million and liabilities of at least $50 million in its bankruptcy court petition, filed in Delaware. Chapter 11 bankruptcy allows companies to continue operating while working on a plan to repay creditors.