Baker & Taylor has filed for Chapter 11 bankruptcy, five months after announcing that they would shut down operations and liquidate assets. The filing indicates that the company has between $1 million and $10 million in assets and owes in the range of $100 million to $500 million in liabilities to between 1,000 and 5,000 creditors. B&T’s largest debts are to publishers, libraries, and for corporate real estate, including $23.3 million owed to Penguin Random House, $16.5 million to Simon & Schuster, $15.5 million to Harper Collins, and $3.8 million to Macmillan’s distribution arm MPS. The 20 largest claims on […]
