Borders will be closing its stores nationwide

by Administrator 19. July 2011 02:49

The Wall Street Journal recently announced that Borders will be closing all of its bookstores across the country and liquidating all of its assets.

The popular bookstore chain filed for bankruptcy and closed many of its stores in February. However, some stores were remaining open as Borders hoped to find a buyer that would allow some of its stores to remain open. Because Borders was unable to find a buyer, all of its stores will be closed by September.

The store will most likely be holding sales as early as this Friday in order to sell off the rest of its merchandise.

Chapter 7 bankruptcy and liquidating assets can be hard for any business, but, sometimes, it is the only option. If your business is facing financial trouble, and you are considering filing for Chapter 7 bankruptcy, please contact the Maryland Chapter 7 bankruptcy lawyers of Chaifetz & Coyle, P.C., at 443-546-4608.

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