Borders could file for bankruptcy as early as next week

Borders could file for bankruptcy as early as next week eBookstore Bloomberg have a source inside Borders HQ, and they heard this juicy rumor:

Borders Group Inc., the second- largest U.S. bookstore chain, may file for protection from creditors as soon as next week, according to three people familiar with the matter.

The retailer will likely close at least 150 stores, one person said. The people declined to be identified because the proceedings aren’t public.

I have to say that I don't see how this qualifies as a rumor; I'd say it's a prediction. What with the unpaid suppliers, the unpaid landlords, and the fact Borders are low on cash, my guess is that Borders might file for bankruptcy protection this week, not next.

image by reinvented

About Nate Hoffelder (9946 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

1 Comment on Borders could file for bankruptcy as early as next week

  1. I guess it would be a rumor if he heard from his job that it they were filing. Otherwise, I see your point.

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