Burbage & Weddell LLC Defending Bankruptcy Preference Claims Nationwide: 888.547.5170
1786 creditors received a total of $485 million in payments from Borders, Inc. or its co-debtors (“Borders” or the “Debtors”) in the 90 days before their bankruptcy. For these creditors, the Borders’ July 18, 2011 decision to liquidate means more than a write off of pre-petition unpaid invoices. Many of Borders’ vendors may be [...]
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).
Borders Group, Inc. and 7 associated debtors (the “Debtors” or “Borders”) filed voluntary petitions under Chapter 11 of the Bankruptcy Code on February 16, 2011 in the Bankruptcy Court for the Southern District of New York (Case No. 11-10614). The Honorable Martin Glenn has been assigned to the case. This initial [...]