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Old 05-05-2020, 08:37 AM   #18
DuckieTigger
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Join Date: Dec 2011
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Quote:
Originally Posted by fjtorres View Post
The reason B&N has been avoiding chapter 11 is the fear the big publishers will demand payment for books in stock instead of taking them back for credit, as they did to Borders. And that was before the crisis.

Making the landlord sue buys time until the lockdowns loosen and they have a chance to earn some liquidity.
Yes, that is why the current crisis is only making matters worse. Unless a miracle happens soon, chapter 11 might be off the table altogether and B&N needs to consider a chapter 7. Except that would equal closing shop.
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