Current posture

What matters now

Baker & Taylor remains in Chapter 11, with the current docket focused on estate administration and a modest receivable settlement rather than a disclosed financing, sale, or plan transaction. The book distributor commenced the case in New Jersey on March 16, 2026; its voluntary petition Dkt. 1 estimated both assets and liabilities at $100 million to $500 million, identified 1,000 to 5,000 creditors, and stated that funds would be available for distribution to unsecured creditors. The petition does not identify a discrete precipitating event, but it shows a substantial trade-credit burden concentrated among major publishers. The largest scheduled unsecured claims included approximately $23.3 million owed to Penguin Random House, $16.5 million to Simon & Schuster, and $15.5 million to HarperCollins. The same filing listed July 14, 2026, as the scheduled expiration of the debtor’s exclusive period to file a plan. No plan, postpetition financing facility, or sale process is reflected in the supplied record, leaving the ultimate restructuring path unresolved. The most recent substantive request seeks approval of a settlement with the City of Anna, Texas, over prepetition invoices: the…

Updated Jul 25, 2026

Material case activity

1. Lowenstein Sandler selected as creditors’ committee counsel in Baker & Taylor bankruptcy

   Apr 21, 2026

   Lowenstein Sandler has been selected as counsel to Baker & Taylor’s Official Committee of Unsecured Creditors in the company’s Chapter 11 case.