Monday, March 21, 2011

Borders to Continue Call Center Pacts with Sutherland

FAIRLESS HILLS, Pa. -- Borders Group, Inc. is seeking court approval for the continuance of its business relationship with Sutherland Global Services, Inc.  Sutherland handles customer service calls for Borders.

 

Borders has also made known its intent to close 25 more store locations.  The closing sales for the additional stores are set to commence on or after March 24, 2011.

 

More news on the Borders' case, including the final court approval of Borders' $505 million bankruptcy financing, is available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 7, published today by Bankruptcy Creditors' Service, Inc.

 

 

The 24-page newsletter contains stories with these headlines:

[00100] BORDERS TO CLOSE 25 MORE STORES, SALES TO BEGIN MARCH 24
[00101] BORDERS GETS FINAL APPROVAL OF $505MM DIP CREDIT FACILITY
[00102] DEBTORS' MOTION FOR AUTHORITY TO USE CASH COLLATERAL
[00103] DEBTORS' MOTION TO APPROVE SUTHERLAND CONTACT AGREEMENTS
[00104] DEBTORS' MOTION TO USE EXISTING CASH MANAGEMENT SYSTEM
[00105] DEBTOR'S MOTION TO MAINTAIN EXISTING BANK ACCOUNTS
[00106] DEBTORS' MOTION TO CONTINUE USING BUSINESS FORMS
[00107] DEBTORS' MOTION TO CONTINUE USE OF CORPORATE CREDIT CARDS
[00108] DEBTOR'S MOTION TO EXTEND TIME TO COMPLY WITH SEC. 345
[00109] DEBTOR'S MOTION TO CONTINUE INTERCOMPANY TRANSACTIONS
[00110] DEBTORS' MOTION TO HONOR PREPETITION EMPLOYEE OBLIGATIONS
[00111] DEBTORS' MOTION TO SET UP CLAIMS TRADING PROTOCOL
[00112] DEBTORS' MOTION FOR INJUNCTION AGAINST UTILITY COMPANIES
[00113] DEBTORS' MOTION TO ESTABLISH LEASE REJECTION PROCEDURES
[00114] DEBTORS' NOTICE TO REJECT LEASE PACTS WITH B&G, ET AL.
[00115] DEBTORS' MOTION TO HIRE AP SERVICES AS CRISIS MANAGERS
[00116] DEBTORS' APPLICATION TO TAP JEFFRIES AS INVESTMENT BANKER
[00117] DEBTORS' APPLICATION TO EMPLOY DJM REALTY AS REALTOR
[00118] COMMITTEE'S APPLICATION TO RETAIN BDO AS FINC'L. ADVISOR
[00119] TOYS CENTER'S MOTION TO COMPEL POSTPETITION RENT PAYMENT
[00120] DELL MARKETING'S MOTION TO LIFT STAY TO ALLOW SET-OFF
[00121] RULE 2019 STATEMENT -- Menter Rudin & Trivelpiece
[00122] AGREE REALTY IN DEFAULT ON $8.9MM OF BORDERS-BACKED LOANS
[00123] WILEY & SONS POSTS BORDERS-RELATED $9MM BAD DEBT EXPENSE
[00124] BORDERS CELEBRATES EDUCATOR APPRECIATION DAYS


A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP  for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP

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