The hearing is the last chance to save the jobs of as many as 45,000 employees of Sears and K-Mart nationwide, CNN reports. It will also address Sears's plan to sell its assets, including 425 stores to chairman Eddie Lampert, through his hedge fund ESL Investments in a move to keep the retailer afloat. Lampert's attempt to save the company is opposed by unsecured creditors, who are owed money by Sears, and the federal watchdog Pension Benefit Guaranty Corp. The former have accused Lampert of "stealing assets" and "years of misconduct," in a number of court filings, CNBC reports. PBGC filed a complaint in Chicago federal court on Friday objecting to Lampert's proposal for a $5.2 billion buyout of the company. Instead, PBGC seeks to take control of two pension funds to pay 90,000 Sears retirees and beneficiaries, which it says are underfunded by $1.4 billion, according to Reuters.