According to Business Insider, Sears is inching closer to liquidation.<br />A long-standing liquidator is now first in line to start shutting down Sears Holding Company.<br />Sears board is currently negotiating with Chairman Edward Lampert over his $4.4 billion takeover bid.<br />If its unsuccessful, liquidators Closter, New Jersey-based Abacus Advisory Group LLC will step in.<br />They will sell the chain's vast inventories of tools, appliances and store fixtures. <br />