Representatives for the owner and operator of the Tattered Cover bookstore chain have filed part of a reorganization plan for the business under the chapter 11 bankruptcy reorganization process that began in October, though they asked for more time to offer more details on the plan, 9news.com reported. According to its Jan. 16 filing in the U.S. Bankruptcy Court for the District of Colorado, Bended Page, LLC revealed it owes more than $3.1 million to creditors in unsecured claims — among them is almost $500,000 that former CEO Kwame Spearman says is owed to him. It also lists $820,000 in secured claims owed to five lenders, including $300,000 for its board of directors, per the filings. Interim CEO Brad Dempsey, who has a promissory note of $25,000, has opted to waive his claim.
