Following Braintree Borders Closing, Company to Liquidate

About two months after , the bookseller will close its remaining stores throughout the country as part of its bankruptcy plan.

Borders will present a liquidation plan to close its remaining 399 stores to a federal judge on Thursday, according to the New York Times. The chain will start closing the rest of its stores on Friday and will continue through September.

A committee of Borders' creditors, the Times said, refused to allow Borders to sell itself to another company that also owns the Book-of-the-Month Club.

In March, Borders added 28 stores to its closing list, including the store in Braintree on Grossman Drive. Since then the bookseller sold off much of its merchandise at deep discounts and shut its doors. Last month, Quincy-based The Grossman Companies, Inc., along with Dinosaur Capital Partners of Boston, for $4 million, according to a statement on Dinosaur's website.