Joseph-Beth Booksellers announced Thursday that it expects to exit bankruptcy protection by the end of April.
The Cincinnati-based company, which was founded in Lexington, will be up for auction as part of the process. The company stated its creditors have asked that the business' value be established as a baseline for bids by the present owners or other interested parties. The bid deadline is April 19.
Upon filing for bankruptcy protection in November, the company announced it would close four poorly performing locations of its nine total stores. The company has since decided to also close its store in Fredericksburg, Va., according to bankruptcy filings.
That would leave the company with bookstores in Lexington, Cincinnati and Memphis, as well as a health and wellness-focused bookstore in Cleveland.