Former BL Stores, Inc.

1:24-bk-11967

September 09, 2024
Meet The Attorneys In The Big Lots Ch. 11

Big Lots, a discount home goods retail chain that entered bankruptcy Monday with $556 million in secured debt, has assembled a team of lawyers from Morris Nichols Arsht & Tunnell LLP and Davis Polk & Wardwell LLP to assist with its plans to shutter over 300 stores and sell the remaining business.
September 09, 2024
Red Lobster Plan Confirmed, Big Lots Leads New Ch. 11s

A string of new Chapter 11 bankruptcies were recently launched in Delaware, including a case from national discount home goods retailer Big Lots, which plans to pursue a going-concern sale. Meanwhile, seafood dining chain Red Lobster is on track to hand over the reins to a new group of owners, led by a secured lender, after the debtor secured confirmation of its Chapter 11 plan.
September 09, 2024
Bargain Retailer Big Lots Hits Ch. 11 With Sale In Sights

Discount retail chain Big Lots filed for Chapter 11 protection Monday in Delaware with $556 million of secured debt and plans to shutter more than 300 stores while it works to complete a $620 million deal to sell the rest of its business as a going concern.