Former BL Stores, Inc.

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Case Number:

1:24-bk-11967

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

November 25, 2024
Alex Jones Blasts Onion Bid, FTX Tech Deputy Avoids Prison

Alex Jones and a backup bidder linked to his Chapter 7 are challenging the sale of his Infowars website to The Onion, alleging flaws in the auction process. A former FTX's tech deputy can avoid prison time for assisting the FTX fraud case by exposing programming flaws; attorneys who have represented Purdue Pharma can receive $21.2 million in fees for its work during summer. This is the week in bankruptcy.
November 22, 2024
Big Lots Can Close On $760M Asset Sale, Judge Says

A Delaware bankruptcy judge Friday approved the $760 million sale of bankrupt discount retail chain Big Lots to a private equity group and told creditors they were out of time to challenge the company's Chapter 11 financing.
November 21, 2024
Big Lots Seeks To Include Claims Against Execs In Asset Sale

Discount retailer Big Lots on Thursday asked a Delaware bankruptcy judge to approve a $760 million asset sale to a private equity group and override creditor objections to the inclusion of potential litigation claims against company insiders in the package.
November 04, 2024
Purdue Buys Time For Creditor Deal, Eletson Plan Confirmed

Facing a litigation stay deadline after the U.S. Supreme Court overturned its Chapter 11 plan, OxyContin maker Purdue Pharma was given a new one-month extension of the stay so that its creditors and the Sacklers can continue mediating to settle claims.
November 01, 2024
Big Lots Says $760M Bid Wins In Ch. 11 Auction

Discount retailer Big Lots got approval from a Delaware bankruptcy judge to sell off nearly three-dozen store leases the day after it said it had received no offers to beat a $760 million bid for the business as a whole.
October 25, 2024
Big Lots Inc. Gets OK For Oct. 30 Ch. 11 Asset Auction

A Delaware bankruptcy judge Friday approved discount retailer Big Lots Inc.'s plans to put itself on the block next week after hearing the provider of the baseline bid for the sale had secured the financing for its $760 million offer.
October 21, 2024
Big Lots Can Tap Final $10M DIP Draw To Fund Ch. 11 Sale

Discount retailer Big Lots Inc. got a Delaware bankruptcy judge's approval Monday to access the final $10 million in new money being funded under its debtor-in-possession loan package after it struck a last-minute deal to quell objections that a slate of landlords raised against final DIP approval.
October 16, 2024
Big Lots Protections For $760M Bid Draw US Trustee Protest

The U.S. Department of Justice's bankruptcy watchdog has objected to Big Lots' proposed protections for the prospective buyer of the bankrupt retailer's assets, saying a break-up fee and expense repayments aren't justified as part of the $760 million deal.
October 11, 2024
Under The Radar: Bankruptcy News You May Have Missed

A group of secured lenders to food giant Del Monte have asked Delaware's Chancery Court to find a liability management transaction was an event of default for an original loan, insurers are hoping two seasoned mediators will be able to iron out a long-running dispute with a bankrupt New York diocese, and lawyers for cancer patients say a bankrupt talc miner's Chapter 11 plan would result in uneven recoveries for personal injury claimants.
October 09, 2024
The Story Behind Bargain Retailer Big Lots' Ch. 11 Case

Big Lots, like many other retailers, has faced both macroeconomic and industry-specific challenges in the wake of the COVID-19 pandemic, ultimately driving the company to Chapter 11 bankruptcy.