A hearing has been scheduled for March 15 on Borders‘ request that the judge overseeing bankruptcy proceedings take more time to decide what the company should do about outstanding lease agreements. Debtors are typically allowed 120 days under the bankruptcy code, but can ask for a 90-day extension for a total of 210 days. Borders, however, has asked to have until January 12, 2012 to deal with leases. Freep REDGroup Retail will close 38 of its 260 bookstores in Australia and New Zealand as part of its recently filed bankruptcy agreement. Of those stores, 37 were Angus & Robertson shops […]
