TITLE

Borders to Liquidate, Bookseller Files Plan

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
July 2011
SOURCE
High Yield Report;7/25/2011, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of retail bookselling chain Borders to liquidate due to its failure to attract a bidder. It sees closures of the chain's 400 stores and loss of more than 10,000 jobs. The liquidation will enable Borders to receive between 252 to 284.4 million U.S. dollars. It will be submitted to the U.S. Bankruptcy Court for the Southern District of New York.
ACCESSION #
66187599

 

Related Articles

  • Med group flatlines. Golden, John // Westchester County Business Journal;3/23/2009, Vol. 48 Issue 12, p3 

    The article reports on the closure of Medical Group PLC's offices and the liquidation of its assets in March 2009 in Westchester County, New York. The company's bankruptcy could be attributed to a financial meltdown brought by a costly business and legal dispute with the owner's former partner....

  • A&P to close 14 stores.  // Modern Baking Exclusive Insight;1/11/2012, p3 

    The article reports on the move of the Great Atlantic & Pacific Tea Co. Inc. (A&P) to file a motion with the U.S. States Bankruptcy Court for the Southern District of New York seeking approval to close 14 stores in 2012.

  • Bankruptcies continue to flood courts. Kahn, Kathy // Westchester County Business Journal;10/5/2009, Vol. 48 Issue 40, p27 

    The article reports on the increasing number of commercial and consumer bankruptcies in the middle Hudson Valley region in New York. According to Oxman partner Michael Tulis, the changes made to the consumer bankruptcy laws in 2005 were not as problematic as what some people thought. Data reveal...

  • Bankruptcy Report.  // Mergers & Acquisitions Report;8/15/2011, Vol. 24 Issue 33, p7 

    This section offers news briefs on bankruptcies on the U.S. as of August 2011. The pizza restaurant chain Sbarro Inc. has proposed a restructuring plan after it filed for bankruptcy in April. Borders Group Inc. has received approval from the U.S. Bankruptcy Court for the Southern District of New...

  • Golf Sponsors, Major Champ On Madoff List. Shedloski, Dave // Golf World;2/16/2009, Vol. 62 Issue 24, p16 

    The article reports that the filing in U.S. Bankruptcy Court in Manhattan listed nearly 14,000 clients who invested in Bernard L. Madoff's failed investment firm. It is stated that several of these institutions have sponsorship ties to golf. Among them are Northern Trust which is the host of the...

  • Fortunoff auction postponed.  // Furniture/Today;2/23/2009, Vol. 33 Issue 25, p8 

    The article reports on the postponement of the auction of all the assets of home furnishings and jewelry retailer Fortunoff Fine Jewelry & Silverware Inc. by a U.S. Bankruptcy Court judge in New York. It states that the auction was set to February 23, 2009 and the hearing to approve the sale is...

  • Banks Say: Liquidate Adelphia. Farrell, Mike // Multichannel News;9/4/2006, Vol. 27 Issue 35, p28 

    The article reports on a request made by a group of creditors to the U.S. Bankruptcy Court for the Southern District of New York to force the liquidation of Adelphia Communications Corp. The banks which are insisting for the liquidation include Bank of New York, PNC Bank and Wachovia. A...

  • update: north america.  // Lightwave;Oct2003, Vol. 20 Issue 10, p7 

    Presents updates related to fiber optics industry in the U.S. as of October 2003. Move of Acterna Corp. to file a proposed plan of reorganization and disclosure statement with the Bankruptcy Court for the Southern District of New York; Award of a subcontract to Lucent Technologies Inc. by...

  • Borders Liquidation Will Hit Power and Strip Center Landlords. Misonzhnik, Elaine // Retail Traffic Exclusive Insight;7/20/2011, p1 

    The article reports on the plan of an international book and music retailer Borders Group Inc. in Ann Arbor, Michigan to liquidate its remaining locations due to weak consumer environment. It also states that the Border's landlords had communicated with alternate retailers to backfill the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics