Publishers Hopeful over Borders debts

Borders Books

The recent collapse of the book seller chain Borders has left many publishers very concerned over the £5m - £7m debt however news has emerged recently that this will be recouped by the ongoing sale of existing stocks.

The administrators handling the close, MCR told publishers that it had sufficient funds to settle claims and was prepared to make stock available for suppliers to collect providing they could establish valid claims.

Borders is estimated to have up to £20m of book stock left in it's stores, meaning than even if the stock was sold at discount all the debt should be repaid in full. This is good news during a very difficult time for the publishing industry.