Borders prepares for the worst.

GoodeReader reports on developments over at US bricks and mortar book giant Borders. Rumor has it that they’re preparing to file for bankruptcy.

Anyone who watched the general economic meltdown over the last couple of years knows that ‘bankrupt’ rarely means ‘the end’ for large corporations.

It will be interesting to see whether a new eBook-friendly Borders can rise out of the ashes.

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