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What Ingram and others are doing is actually providing a means of re-financing existing loans. It's a good break for Borders. Trouble is that other retailers are now so mad about that show of favouritism that they're also demanding the right to delay payments themselves (which they regularly do anyway, in my experience).
As Harry might remember, by the way, when Borders closed simultaneously all their stores in the UK, remaining book stock (supplied by publishers) was all but given away. Payment due would be on RRP minus discount, but anything owed would be in the hands of the liquidator and not the publishers and authors.
Cheers. Neil
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