In the biggest bakruptcy in the history of the book business, the Borders Book Store chain - which started in Ann Arbor - has filed for Chapter 11 protection to help restructure over $1 Billion in debt. They’ll also close up to 30% of their stores. Some customers expressed shock saying Borders is usually loaded with shoppers.
- So Chapter 11 gets protection… what about all the other Chapters in their books?
- The problem is, readers have “re-kindled” their love of books… electronically.
- A medical clinic will allegedly move into the old store in Ann Arbor… calling their practice, “Doctors Without Borders”.