Bookseller Borders Group has hired FTI, a firm known for its restructuring practice, to assist in analyzing its finances, according to sources familiar with the situation.

The company has also been in talks with restructuring advisers at Jefferies & Co about reworking its debt load, one of the sources said.

Borders is not currently looking to hire a bankruptcy lawyer, that same source said.

Borders, whose sales have been hurt by online and digital book purchases, said last year that it was trying to obtain new financing and last week said that it was delaying payments to some of its vendors.

Neither FTI nor Jefferies were immediately available for comment.