On January 3, 2013, Curtis R. Smith, as the Liquidating Trustee of the BGI Creditors Liquidating Trust in the Borders Group, Inc. Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation in the Southern District of New York (Manhattan).
Debtor and Bankruptcy Case Overview
Lead Bankruptcy Case Name (Case Number): Borders Group, Inc. (11-10614)
Bankruptcy Court District (Division): Southern District of New York (Manhattan)
Petition Date: February 16, 2011
Associated Debtors: Borders Group, Inc., Borders International Services, Inc., Borders, Inc., Borders Direct, LLC, Borders Properties, Inc., Borders Online, Inc., Borders Online, LLC, and BGP (UK) Limited
Debtors' Industry Group: Book Dealers Retail, Magazines Distributors (SIC 592)
Debtors' Business: Nationwide book and magazine retailer.
Primary Industry Groupings of Defendants: Publishers Book, Publishers (SIC 351); Paper Products Wholesale (SIC 5110)
Adversary Proceedings Overview
Plaintiff: Curtis R. Smith, as the Liquidating Trustee of the BGI Creditors Liquidating Trust
Number of Proceedings: 157
When Filed: from January 3 to January 31, 2013
Adversary Proceeding Judge: U.S. Bankruptcy Judge Martin Glenn
Plaintiff's Counsel: Lowenstein Sandler LLP attorneys Bruce Buechler, Bruce S. Nathan and David M. Banker
Avoidance Period: The complaint identifies the preference period as the period "[o]n or within 90 days before the Petition Date".
- For an analysis of the potential for preference claims and targets click this link.
- Registered users can click here to see the full APScans Report for Borders Group, Inc. Bankruptcy preferential transfer recovery adversary proceedings.
As of the date of this post, Borders Group, Inc. continues to maintain a case administration website that includes the Case docket, including copies of the preference complaints filed to date. That case administration website can be reached by clicking this link. However, please note that subsequent filings in each adversary proceeding will not be made in the bankruptcy case.