Bookstore Bankruptcy

Berean Christian Stores has filed for bankruptcy protection. The chain of Christian bookstores has debt of $10 to $50 million and owes the most to two publishers: Thomas Nelson and Zondervan. Sales are down some 20% this year. The company was founded in 1934 and is headquartered in Cincinnati. It operates stores in Arizona, California, Georgia, Montana, Ohio, Indiana, Kentucky and Pennsylvania.