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The liquidating agent shall promptly publish a notice to the credit union's creditors to present their claims, together with proof, to the liquidating agent by a date specified in the notice.(Updates with liquidation deadline, context throughout) By Nichola Saminather TORONTO, Oct 4 (Reuters) - Sears Canada on Wednesday won court approval to extend credit protection by a month to Nov.7, but its creditors set a deadline of this week to liquidate the retailers’ assets, leaving the company with mere days to decide its fate.Liquidation is a court-based procedure under which the assets of a company are sold and the funds distributed to the company’s creditors. The company must receive court approval of the liquidation agreements by Oct. 19 according to the amendment posted on the website late Tuesday.