Bankruptcy Filing on the Horizon for Struggling Borders?

While Barnes & Noble touts stellar holiday sales, rival Borders continues to teeter on the verge of a bankruptcy filing. Widespread reports indicate Borders CEO Mike Edwards is meeting with publishers in New York this week to get their sign off on a plan to refinance debt and suspend payments. In response, one major distributor, the National Book Network, said it will suspend book shipments to the retailer.