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Rumpus Book ClubBorders Files for Bankruptcy
Borders filed for bankruptcy this morning. In the coming weeks Borders will close about 30% of its stores. Here’s a complete list of Borders expected to close.
Borders made the announcement on a site set up to keep you up to date during the reorganization. Here is the bankruptcy filing (pdf) which states that Borders has $1.275 billion in assets and $1.293 billion in liabilities.
Not to be glib, but technically that means The Rumpus is worth more than Borders.
February 16th, 2011 at 11:00 am
Rumpus for the win!