Borders Group, Inc.

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Case overview

Case Number:

1:11-bk-10614

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 12, 2011
Borders Sees Hurdles For Sale Procedure Hearing

Borders Group Inc. warned a New York bankruptcy judge on Tuesday that it continues to face a host of objections to procedures for auctioning itself off, potentially complicating matters as the bookseller strives to meet a tight sale deadline imposed by lenders.
July 11, 2011
Borders' Landlords Fight Planned Asset Sale Procedures

A slew of landlords for Borders Group Inc.'s retail stores objected Sunday to the struggling bookstore chain's bid for New York bankruptcy court approval of its upcoming asset sale and proposed sale procedures.
July 01, 2011
Borders Receives $215M Offer From Najafi Unit

Borders Group Inc. said Thursday it had selected Direct Brands LLC, a company owned by private equity firm Najafi Cos., as the opening bidder in its upcoming bankruptcy court auction in New York.
June 22, 2011
Borders 'Getting Raped' On Lender Fees, Judge Says

A bankruptcy judge in New York on Wednesday grudgingly put Borders Group Inc. on track to be sold by the end of July, criticizing the $1 million fee charged by lenders for amending the terms of a credit agreement to allow for the deal.
June 21, 2011
Borders Trustee Objects To Attys' Fees Again

The U.S. trustee overseeing Borders Group Inc.'s bankruptcy proceedings in New York objected again Monday to fees requested by Borders' attorneys at Kasowitz Benson Torres & Friedman LLP and by auditors, financial advisers and other professionals.
June 20, 2011
Borders Expects Bankruptcy Sale By End Of July

Bookstore chain Borders Group Inc., which had been eyeing liquidation and widespread store closings, now expects to sell itself to a bidder who would keep its business in operation, according to a motion filed Friday in a New York bankruptcy court.
June 15, 2011
Borders Reaches Deal To Avoid 45 Store Closures

Bankrupt bookstore chain Borders Group Inc. reached an agreement with lenders that would avoid the need to close nearly four dozen stores, according to a Wednesday court filing in New York bankruptcy court.
June 10, 2011
Borders Saves Six Stores Slated For Chopping Block

Bankrupt Borders Group Inc. told a New York bankruptcy judge Friday that it will refrain from seeking to close six of 51 stores that it has asked to shutter as it tries to rein in costs and avert a default on a $505 million loan.
June 09, 2011
Facing DIP Default, Borders Asks To Liquidate 51 Stores

Bankrupt bookseller Borders Group Inc. reluctantly asked a New York judge on Thursday for permission to liquidate an additional 51 stores or else face defaulting on a $505 million line of credit.
June 02, 2011
Judge Frees Borders From Seattle's Best Contract

A New York bankruptcy judge on Thursday gave Borders Group Inc. permission to extend its exclusivity period while it courts potential buyers and break a licensing agreement with Seattle's Best Coffee LLC despite the coffee chain's intellectual property worries.