1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Borders' Stores Liquidation to Begin July 22

BCSI reports on latest events arising in the chapter 11 cases commenced by Borders Group Inc (MI).

 
PRLog - Jul. 19, 2011 - FAIRLESS HILLS, Pa. -- FAIRLESS HILLS, Pa. -- Borders Group, Inc. failed to get a "going concern" bidder for its assets as of the July 17 bid deadline and thus, has decided to move forward with a liquidation of its remaining 399 stores.

The store closing sales is expected to begin on July 22, and will be handled by a group of liquidators which include Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC.

Details of the latest developments in the Borders case is available in BORDERS GROUP BANKRUPTCY NEWS, Issue No. 24, published by Bankruptcy Creditors' Service, Inc.  

The  8-page newsletter contains stories with these headlines:

[00323] BORDERS TO LIQUIDATE 399 STORES, CANCELS JULY 19 AUCTION
[00324] LIQUIDATION OF BORDERS STORES EXPECTED TO BEGIN JULY 22
[00325] DEBTORS' MOTION TO ASSUME AMENDED SOURCE INTERLINK PACT
[00326] DEBTORS' 1ST TO 4TH OMNIBUS OBJECTIONS TO CLAIMS
[00327] DEBTORS' APPLICATION TO EMPLOY DJM REALTY AS REALTOR
[00328] DEBTORS' APPLICATION TO EMPLOY MORTAGE CORP. AS BROKER
[00329] DJM REALTY TO DISPOSE OF 259 BORDERS REAL ESTATE LEASES


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...

--- End ---

Click to Share

Contact Email:
***@bankrupt.com
Source:Bankruptcy Creditors' Service, Inc.
Phone:(215) 945-7000
Zip:19030
City/Town:Fairless Hills - Pennsylvania - United States
Industry:Books, Retail
Tags:borders, Borders bankruptcy, liquidation, Hilco, Gordon Brothers, auction, remaining stores, Borders stores
Shortcut:prlog.org/11591642
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share