Judge To Approve Borders' Disclosure Statement

Law360, New York (November 10, 2011, 12:59 PM EST) -- A New York bankruptcy judge said Thursday that he would sign off on Borders Group Inc.'s disclosure statement for its joint liquidation plan and that he considered it a milestone the case had reached this point.

Approval of the statement — which U.S. Bankruptcy Judge Martin Glenn said he would grant after attorneys make minor changes to language about releases — and of voting procedures push the defunct bookseller closer to its goal of winning support for its liquidation plan and ending its Chapter 11 case....
To view the full article, register now.