Borders Seeks Exclusive Right to File Plan Til October

May 30, 2011 - PRLog -- FAIRLESS HILLS, Pa. -- Borders Group, Inc. seeks court authority for an extension of its exclusive right to file a Chapter 11 plan through October.

Other stories on the Borders bankruptcy case, including the company's latest monthly operating report for April and its decision to terminate agreement with Seattle's Best, is available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 15, published by Bankruptcy Creditors' Service, Inc.

The 15-page newsletter contains stories with these headlines:

[00237] DEBTORS' 1ST MOTION TO EXTEND EXCLUSIVE PERIODS
[00238] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT
[00239] DEBTORS' MOTION TO REJECT 100 EXECUTORY CONTRACTS
[00240] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00241] ENTITIES FILE NOTICES OF SUBSTANTIAL STOCK OWNERSHIP
[00242] STIPULATION FOR REPLACEMENT LOC WITH TRAVELERS INDEMNITY
[00243] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES
[00244] PERSHING SQUARE DUMPS 1.06MM SHARES OF BORDERS STOCK
[00245] CLAIM TRANSFERS -- April 2011
[00246] DEBTORS' MONTHLY OPERATING REPORT -- Ended Apr. 30, 2011


A copy of the newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS... for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORD...