The WSJ reported Friday afternoon that Borders “could file for Chapter 11 bankruptcy protection as soon as Monday or Tuesday,” but also cautioned “the filing could be delayed a few days.” Whenever the bankruptcy filing takes place, it will trigger the imminent liquidation and closure on a significant portion of their store base–now predicted to cover 200 of the company’s superstores (with an option to close 50 more) and all of its smaller mall-based outlets, among other restructuring efforts. If it comes before the end of this month, vendors who received checks at the end of November may have to […]
