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Books Inc. files for Chapter 11 bankruptcy, closing Berkeley store

Summary by Kron 4 News
(BCN) -- The oldest independent bookstore company in the Bay Area said Tuesday it has filed for bankruptcy. Books Inc. announced it filed a voluntary petition for reorganization under Chapter 11 in U.S. Bankruptcy Court for the Northern District of California. The privately held, 174-year-old company said in a statement it will use the protections of Chapter 11 reorganization "to continue operating while it establishes a sustainably solid financ…
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