If we consider the simplest model of helium atom, namely infinitely massive nucleus with two non-interacting electrons, we'll get an additive combination of two spectra of a hydrogen-like atom (with $Z=2$). The wavefunctions will be also just (anti)symmetrized products of hydrogen-like single-electron wavefunctions. All is well: up until double ionization there exist doubly-excited states, all of which are truly bound, i.e. square integrable (by construction) — despite being above single ionization threshold.
Now if we include electron-electron repulsion, things get complicated. From multiple papers$^\dagger$ discussing doubly-excited states in helium I learned that such states are actually not square-integrable, and are usually calculated by complex rotation method. The resonances thus obtained appear to have nonzero imaginary part of energy, which, as I understand, implies non-square-integrability of actual states of non-rotated Hamiltonian.
My question is now: what is actual reason for these states to stop being square-integrable — is it mere presence of electron-electron repulsion (so that repulsion potential could be made e.g. $\propto\operatorname{sech}(r_{12})$, and the non-integrability would be preserved)? Does this situation require potential energy to be unbounded in some locus of configuration space, or can we reproduce this situation with a smooth total potential of the system?
$^\dagger$Examples of such papers: