Quote:
Originally Posted by fjtorres
Actually, the way I read between the lines I wouldn't be shocked to see Borders go to Chapter 7. Don't expect it but I think it could happen. Chapter 11 is generally used to fend off creditors while you get your house in order and clean up your act. That would be B&N, who seem to have a viable exit strategy from the dying world of high-volume p-book retailing.
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I agree that Borders is a better candidate for Chapter 7, but then so is Blockbuster and they went Chapter 11 too. Sometimes people don't want to face reality.