Samsung Places 13th Among Largest Sears Creditors, Say Bankruptcy Papers

Sears owes Samsung Electronics America $8.05 million in unpaid trade debt, placing it 13th among Sears' largest unsecured creditors, said Sears Chapter 11 papers (in Pacer) filed Monday in U.S. Bankruptcy Court in Manhattan. Samsung didn’t comment. Sears had $6.9 billion in total assets and $11.3 billion in total debt Aug. 4, the latest financial information available, said the filing. Sears owns “significant physical and intangible assets,” is a leading home appliance retailer and “a significant player in the rapidly emerging connected solutions market,” through "exclusive" national partnerships with Uber and others, it said.