Borders has filed for Chapter 11 bankruptcy protection, citing that it “does not have the capital resources it needs to be a viable competitor.” Plans are in place to close 30% of its stores (around 200 in all) over the coming weeks. Google News has more.
dealnews strongly discourages consumers from purchasing from a bankrupt retailer if the offer involves store credit or a mail-in rebate (unless fulfilled by a name-brand manufacturer).
Read the original post by dealmac.com