Andrew Albanese writes: “In an unexpected development, Baker & Taylor this week filed for Chapter 11 bankruptcy in New Jersey, offering more details about the leading library supplier’s sudden collapse in 2025. The filing comes after the company revealed in court documents that it has fully repaid its secured creditor, CIT Northbridge Credit LLC, and is now seeking protection as it works to distribute any remaining funds to its unsecured creditors.” The filing asserts that the company has between 1,000 and 5,000 creditors, and total liabilities between $100 million and $500 million, including $33 million owed to libraries.
Words & Money, Mar. 20; American Libraries Online, Oct. 8, 2025; Publishers Weekly, Mar. 18
