The law firm representing Sears Canada pensioners has issued a letter to the agency overseeing the liquidation and all other creditors, asking that the pension deficit be paid first and as soon as possible, as money from liquidation sales becomes available. More: Sears Canada The letter is addressed to the monitor assigned to the case, FTI Consulting, and to the service list, which includes lawyers representing every party to the insolvency. Article Continued BelowIf the other creditors refuse to allow the pensioners to be paid first, the matter could end up before the court, according to Hatnay. The NDP wrote Prime Minister Justin Trudeau on Wednesday, asking him to launch a special parliamentary investigation into the liquidation of Sears. “It’s theft, that’s basically what it is, it’s real theft.” Duvall said he believes it’s already too late to help Sears employees but the government needs to act quickly to prevent the same thing happening over and over again.

Source: thestar October 26, 2017 18:48 UTC