Daily Archives: July 4, 2008

From Bankruptcy to Liquidation?

A report in today’s Bookseller, St Stephen the Great liquidates in US, states:

Christian charity and bookseller St Stephen the Great has filed for Chapter 7 bankruptcy in the US, a form of liquidation. There will be a meeting for creditors at Houston Bankruptcy Court on 22nd July.

Exactly what this implies about the status of SSG here in the UK remains unclear. The report cites an unnamed Usdaw spokesperson:

Our legal team has been in contact with the Brewers. They are continuing to look into the legality of the bankruptcy and what we can do for our members.

The Brewers themselves, unsurprisingly, have declined to comment…