Borders Books files for bankruptcy

A metal Borders logo is anchored to the bookstore in Boston, Monday, July 18, 2011. Borders Group filed for bankruptcy Monday, after seeking court approval to liquidate its 399 stores when the company failed to receive any bids that would keep the 40-year-old chain in operation. (AP Photo/Charles Krupa)

A metal Borders logo is anchored to the bookstore in Boston, Monday, July 18, 2011. Borders Group filed for bankruptcy Monday, after seeking court approval to liquidate its 399 stores when the company failed to receive any bids that would keep the 40-year-old chain in operation. (AP Photo/Charles Krupa)

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Borders Group filed for bankruptcy Monday, after seeking court approval to liquidate its 399 stores when the company failed to receive any bids that would keep the 40-year-old chain in operation.