Last week, Borders filed for Chapter 11 Bankruptcy. It had been a long time coming, but at least they avoided a Chapter 7, which would mean they basically would have been liquidated. About 200 stores of the 600 Borders stores will be closed. I imagine the bankruptcy of Borders worries many publishers. Borders and Barnes & Noble are still major outlets and one of the main … [Read more...] about Twitter News: Borders Files for Bankruptcy