BORDERS BOOKS FILES FOR BANKRUPTCY 1-31-2011

Link From: http://www.newzzcafe.com/

Cash-strapped Borders Group Inc. said Sunday that it will delay January payments to vendors, landlords and others, as indications grow that the bookseller could be headed for bankruptcy court.

The No. 2 U.S. bookstore chain said the move was intended to preserve liquidity as it works to restructure its finances. The company said it "understands the impact of its decision on the affected parties," but wants to work with creditors and others to bolster its prospects.

Category:

News & Politics

Tags:

• borders
• book
• store
• files
• bankruptcy
• missing
• january
• payments
• ipad
• bond
• sale
• commercial
• real
• estate
• collapse
• municipal
• consumer
• crisis
• recovery
• failed
• egypt
• riot
• dollar
• quit
• petro
• inflation
• currency
• depression
• china
• quantitiative
• easing
• federal
• reserve
• bank
• illuminati
• gift
• cards
• vendors
• Howard
• Davidowitz

[ThisisAliFareedshow]

I will sell my penis just to bring back borders in my country

[md991free]

@starlitopensky1 Eventually Borders will liquidate (Chapter 7), there's no place for both Borders and B&N and the other boutique books store currently in existence.

Borders failed to adapt to the technological change for the past five years, including Ebooks. Too bad, it was a great place to read, study and shop.

I feel bad for all the people who are going to lose their jobs.

[HOTSTUDMUFFIN4649]

Obvious result.

Majority book corporations are already shifting to a digital book business.

[starlitopensky1]

"The company insists that it will emerge from its problems stronger than ever...." We all know what this means, don't we? They will file bankruptcy.

[scanlonized]

lol, Dont worry, The Bernank will save them. Everyone is too big to fail.