lauren hirsch, the consumer and retail reporter for cnbcelom. >> i canyou the sources told me at the very last minute somebody submit add bid. it's possible that sears can avoidliquidation. but there is uncertainty to come. >> do we know the bidde >> esl. we know that esl. >> that's theedge fund runly edward lampert who has been the chairman of the company a was ceo for sears. >> and a big investor in sears as through esl he invested in sears throughout the struggles as a public company s and itms he will continue to invest in sears even in bankruptcy. >> now, this is a life line.ot but they'reut of the woods yet, are they. >> absolutely not. great question. igone of the really issues that lampert faces is the unsecured creditorsdave s they don't want a credit bid. what a credit bid is basically lampert says he has some debt rped to him by sears and he is willing to f the debt and exchange for that he is counting that towards his bid. >> right. >> i haven't seen the terms of e current bid yet. but if he tries to do that the unsecured creditors have saiey ill not allow it. they don't

to buy sears out of bankruptcy today with us to break down the latest on the fall of sears is lauren hirsch investment banking and restructuring at riley fbr lauren, what exactly needs to happen and eddy lambert is very deep in this sears trade, at this point. >> he's very deep. he has owned both equity and debt for a long time it seems like he's the last person who could save it so the deadline is 4:00 p.m., according to our clock that i saw somewhere, it's about two hours out from that. by then, assuming he doesn't get the deadline extended, he needs to have financing for a $4.6 billion bid to buy sears, and he needs to submit it. as of the last i checked, he was working hard but hasn't yet done either. >> who would want to give him the financing to save sears? >> well, i think there's a combination of folks that think you have the lenders there's billions of dollars of inventory. it's a safe loan ins a asset-based loan and term loan there are investors that believe in the concept this is a company that has been around forever since the 1800s it has a place it has a footprint and it also