Borders Update, Fill in the Blanks Edition: Bankr__t ?

If you couldn't solve the fill-in-the-blank puzzle in the subject line, the rub is that Borders may soon declare bankruptcy or file for protection from it. Please note this isn't the kind of bankruptcy where a company dies, moreso the sort where a bunch of stores get shut down and a lot of resturcturing occurs. This does not bode well.