Borders files for bankruptcy - OKC store closing, liquidating

"We determined that the best path for Borders to have the ability to achieve this reorganization is through the Chapter 11 process, which we commenced February 16th."

~ A Feb. 16th email from Mike Edwards, President/CEO, Borders, Inc.





I'd heard rumors for a while that Borders was going bankrupt. February 16th they sent out an email confirming this; that same email also said that they would remain open and would restructure their business.

This morning I received another email: apparently the Oklahoma City store will be closing. If you are local you might want to check it out and see if you can grab some bargains.

If you aren't local, you might call and see if any of your local Borders are closing/liquidating due to the restructuring.