Time is running out for 125-year-old Sears Holdings Corp.

  • Sears reportedly on brink of filing for bankruptcy as debt payment looms

As of Sunday afternoon, Sears was reportedly preparing to file for bankruptcy protection, just hours before a $134 million debt payment comes due on Oct. 15. (The cash-strapped retailer had previously warned it may not meet the payment.)

According to Reuters, Sears has reached a last-minute deal…