Billionaire Eddie Lampert-controlled Sears Canada Inc. is preparing to seek court protection against creditors in the coming weeks, Reuters reported yesterday. The business may be sold off in pieces after the court filing which will likely lead to liquidation. The company had last week said that it was exploring strategic options, including a sale of the company, following years of declining sales. The company's sales have fallen every quarter since it was spun off from Sears Holdings in 2012.
