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Sears Chairman Eddie Lampert has another chance to save the company from total liquidation.  Lampert's $4.4 billion takeover bid will be assessed against competing parties' bids at an auction scheduled for January 14, the judge said during a hearing in New York on Tuesday.  Sears Chairman Eddie Lampert has one last chance to save the company from a total liquidation.  Lampert's $4.4 billion takeover bid will be assessed against competing parties' bids at an auction scheduled for January 14, a US bankruptcy judge said in court on Tuesday. "The auction … will involve the debtors and their key consulting parties evaluating not only ESL's [proposal] but all their alternatives," Judge Robert Drain said.  He referenced the size of Sears and the fact that the company "affects a lot of people," and said ESL's proposal may enable Sears to "survive as a going concern." This is a developing story. Check back for updates. Join the conversation about this story » NOW WATCH: These expensive Asian fish cost as much as a new car — and people have gone to jail trying to sell them in the US