Borders now in Chapter 11 bankruptcy

As forecast here just a couple of weeks ago, the Borders bookstore chain indeed filed a Chapter 11 bankruptcy case on February 16th in New York. Its debts are almost $1.3 billion.

Although the chain has plans to close dozens of stores, the stores in Methuen’s Loop and Salem’s Mall at Rockingham Park appear to have survived the bankruptcy — for now.

 

 

By Doug Beaton

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