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The Daily Docket: Judge Closes the Book on Borders

07/22/11

A bankruptcy judge on Thursday effectively closed the book on Borders Group Inc., approving the liquidation of most of the bookseller’s remaining 399 stores. Read the Daily Bankruptcy Review story here.

Meanwhile, Bankruptcy Beat has the list of 30 Borders stores Books-A-Million wants to keep open.

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Beyond Borders?

07/22/11
Reuters

Borders Group Inc.

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The Daily Docket: Borders Nears Liquidation

07/18/11

Borders Group Inc. inched closer to liquidation Sunday after a bidding deadline passed without offers that would keep the U.S.’s second-largest bookstore chain in business, The Wall Street Journal reports.

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The Daily Docket: Borders Fate To Be Decided This Weekend

07/15/11

The Wall Street Journal reports the fate of Borders Group Inc. hangs in the balance this weekend, with a Sunday deadline looming for the bookstore chain to either find a buyer or face liquidation.

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Chapter 7 Bankruptcy: Do You Qualify? How is Eligibility Determined?

07/14/11

Qualifying for Chapter 7 Bankruptcy: The Story of Toni Braxton In October 2010, six-time Grammy Award winner Toni Braxton filed for bankruptcy a second time. In her Chapter 7 bankruptcy petition, Braxton claimed debts of between $10 million and $50 million, which grew even worse when a heart condition – diagnosed as microvascular angina – [...]

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3 Common Types of Bankruptcy Fraud Can Land You in Prison

07/14/11

A person is declared bankrupt when a court determines the person to be legally insolvent, or broke, in response to a petition filed by the debtor or his creditors. Then, following the bankruptcy law, the person’s property is liquidated and divided among his creditors to pay his bills. A person commits bankruptcy fraud – a [...]

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The Daily Docket: WaMu Shareholders Blast ‘Profoundly Flawed’ Bankruptcy

07/14/11

Shareholders of Washington Mutual Inc. say the holding company at the heart of the largest banking collapse in U.S. history ran a “profoundly flawed” bankruptcy case, one that means a $7 billion payday for “powerful creditors” at the expense of others. Read the Daily Bankruptcy Review story here.

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