Borders Creditors Meeting Continued to May 3

BCSI reports on latest events arising in the chapter 11 cases commenced by Borders Group Inc (MI).
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Borders bankruptcy
Business Plan
Claims Bar Date
Retention Plan
Schedules Of Assets


Fairless Hills - Pennsylvania - US

April 12, 2011 - PRLog -- FAIRLESS HILLS, Pa. -- The creditors' meeting set for Borders Group, Inc. and its debtor affiliates has been continued to May 3, 2011.

Borders has also unveiled a business plan, which has not satisfied publishers.  The Company aims to make a profit by the end of the year under the plan.

A claims bar date has also been set in the Borders' bankruptcy case.

Details of the Borders' business plan and other stories, including the schedules of assets and liabilities of six other Borders affiliates, is now available in BORDERS GROUP BANKRUPTCY NEWS, Issue No. 11, published by Bankruptcy Creditors' Service, Inc.

The 36-page newsletter contains stories with these headlines:

[00161] Borders Unveils Business Plan; Publishers Not Impressed
[00162] Borders To Relocate Headquarters To Metro Detroit
[00163] U.S. Trustee Continues Borders Sec. 341 Meeting To May 3
[00164] Debtors' Motion To Fix June 1, 2011 As Claims Bar Date
[00165] Debtors' Motion For Key Employee Bonus/Retention Plans
[00166] Debtors' Motion To Approve Sutherland Contact Agreements
[00167] Debtors' Motion For Injunction Against Utility Companies
[00168] Debtors' Motion To Modify Trade Terms With Vendors
[00169] Debtors' Motion To Approve MM 100 Lease Termination Pact
[00170] Debtors' Notices To Reject Leases With Agree, Et Al.
[00171] Committee's Motion To Okay Creditor Information Protocol
[00172] Debtors' Motion To Employ Ordinary Course Professionals
[00173] Debtors' Application To Employ Ernst & Young As Auditor
[00174] Debtors' Application To Employ Deloitte & Touche
[00175] Debtors' Application To Employ Deloitte Consulting
[00176] Debtors' Application To Tap Deloitte Tax As Tax Advisor
[00177] Debtors' Application To Employ Mercer As Consultant
[00178] Committee's Application To Retain Lowenstein Sandler
[00179] Committee's Application To Retain BDO As Finc'l. Advisor
[00180] Entities File Notices Of Substantial Stock Ownership
[00181] Borders Properties, Inc.'S Schedules Of Assets And Debts
[00182] Borders Properties, Inc.'S Statement Of Financial Affairs
[00183] Borders Direct, Llc's Schedules Of Assets And Liabilities
[00184] Borders Direct, Llc's Statement Of Financial Affairs
[00185] Borders International's Schedules Of Assets And Debts
[00186] Borders International's Statement Of Financial Affairs
[00187] Borders Online, Inc.'S Schedules Of Assets And Debts
[00188] Borders Online, Inc.'S Statement Of Financial Affairs
[00189] Two Debtors' Schedules Of Assets And Liabilities
[00190] Two Debtors' Statements Of Financial Affairs
[00191] Borders Enhances Toy And Game Experience With "Greenzys"
[00192] Borders Empowers Teachers To Become Ebook Authors

A copy of today's newsletter can be purchased on-line with a major credit card at 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).


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
Source:Bankruptcy Creditors Service, Inc.
Phone:(215) 945-7000
Tags:Borders, Borders bankruptcy, Business Plan, Claims Bar Date, Headquarters, Retention Plan, Schedules Of Assets
Industry:Books, Retail
Location:Fairless Hills - Pennsylvania - United States
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