Who Owns Borders Group, Inc. Remnant Assets?
Oak Point Partners, Inc. acquired the remnant assets of Borders Group, Inc. (BGI Creditors’ Liquidating Trust) in November 2015.
On February 16, 2011, Borders Group, Inc. filed a voluntary petition for chapter 11 relief, assigned Case No. 11-10614 in the United States Bankruptcy Court for the Southern District of New York. Thereafter, the BGI Creditors’ Liquidating Trust was formed, and the trustee was charged with winding down the estate for the benefit of creditors. Oak Point Partners, Inc. acquired the remnant assets of the Borders Group, Inc. (BGI Creditors’ Liquidating Trust) Bankruptcy Estate in November 2015.
Related Entities: Basset Book Shop, Borders, Borders Books & Music, Inc., Borders, Inc., Day by Day Calendar Co, Walden Book Company, Inc., Waldenbooks
Contact Information Regarding Payments to Borders Group, Inc.
Inquiries regarding where to send: Overpayments, Undeliverable Funds, Insurance Refunds, Refunds, Warrants, Unclaimed Funds, Rebates, Uncashed Checks, Restitution, Credit Balance, Escheat, Judgment Balance, Abandoned Property, Settlement Proceeds, or any other funds belonging to Borders Group, Inc..
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Contact Info: Borders Group, Inc.
About Borders Group, Inc.
Founded in 1971 as a small, two-room used bookstore in Ann Arbor, Michigan, Borders Group rose to become the second-largest bookstore chain in the United States. In addition to selling books, the retailer sold cds and dvds, calendars, magazines, and board games. In 2004, Starbucks subsidiary, Seattle’s Best Coffee, started operating cafes within Borders stores. To compete against Barnes and Noble and Amazon in the rapidly growing e-reading market, Borders sold six e-books devices and opened an e-book store where customers could download books to the Borders e-reader app on their desktop, phone, or tablet. At its peak, the company operated more than 650 stores and employed over 35,000 people.
Borders also operated as Borders Books, Walden Book Company, and Waldenbooks.
The former headquarters of Borders was located in Ann Arbor, MI.