Decision on Sears Holdings Likely This WeekThe concern is that the current bid could likely leave Sears administratively insolvent, unless Eddie Lampert sweetens the offer.

[Collection]Edward S. Lampert needs to up his offer if he wants to stay in the game and keep Sears Holdings Corp. as a going concern comprised of 425 stores. According to the bankruptcy court’s docket sheet, a status hearing is set for Tuesday at 10 a.m., which means that a decision on the future of Sears could come later that day. Currently, it is believed that the $4.4 billion offer by Lampert — Sears’ chairman, as well as the chairman of hedge fund ESL Investments and chief executive officer of ESL affiliate Transform Holdco LLC, which is making the bid for Sears — didn’t provide enough funds to take care of administrative claims and costs in the bankruptcy. The issue of having enough cash to fund the bankruptcy isn’t a new one for the retailer. Late last year when the company sought approval for additional incremental debtor-in-possession financing, the committee of unsecured creditors in court filings had argued against the new financing.Their position was centered on the cash burn rate at Sears and how letting the company operate while it tried to find a buyer could mean that it might run out of cash around February, and then be administratively insolvent. In the meantime,

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