A2: Borders Group

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The Freep previews next week’s fourth-quarter earnings report by Ann Arbor-based Borders Group, noting that analysts don’t expect the news to be good. Says Jim McTevia, managing partner of the turnaround firm McTevia and Associates: ”Depending on their ability to get debtor-in-possession financing, they could easily file for Chapter 11. It is much easier to facilitate the sale of a troubled company under bankruptcy protection.” [Source]