Sears is reportedly heading for bankruptcy.
Sears is facing a hefty $134 million debt payment that's due next week. And the once-successful retailer isn't exactly in a position to pay it back — it hasn't turned a profit since 2010 and has been losing stores and customers for years.
But Sears' CEO has bailed the company out of financial trouble in the past by dipping into his own pockets, and he could choose to do it again. The company refused to comment on the reports.