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Former BL Stores

Former BL Stores files for Chapter 7 conversion

Item 1.03 Bankruptcy or receivership

Form
8-K
Filed
Importance
Major
  1. Filed Chapter 11 petitions on September 9, 2024
  2. Sold assets to Gordon Brothers on January 3, 2025
  3. Filed motion to convert to Chapter 7 on October 24, 2025
  4. Company believes common shares are worthless

Written from the 8-K on EDGAR. AI can make mistakes. Check the filing.

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The reading, claim by claim

  1. The filing includes information about the company's Chapter 11 bankruptcy and the sale of its assets to Gordon Brothers Retail Partners, LLC.
  2. A sale of assets to Gordon Brothers was approved by the Bankruptcy Court on January 2, 2025, and closed on January 3, 2025.
  3. The Debtors continue to manage their assets as debtors-in-possession.
  4. On October 24, 2025, they filed a motion to convert the Chapter 11 Cases to Chapter 7 Cases, with a hearing scheduled for November 4, 2025.

4 of 5 claims matched the filing text.

Not found in the filing text

  • The company and its subsidiaries filed for bankruptcy on September 9, 2024, under chapter 11 of the Bankruptcy Code.

From the filing

Item 1.03 Bankruptcy or Receivership.

Item 1.03 Bankruptcy or Receivership.

As previously disclosed, on September 9, 2024 (the "Petition Date"), Former BL Stores, Inc. (formerly known as Big Lots, Inc. and referred to herein as the "Company") and its other subsidiaries (together with the Company, the "Debtors") filed voluntary petitions for relief (collectively, the "Bankruptcy Petitions") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code")1 in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Bankruptcy Court granted a motion seeking joint administration of the cases (the "Chapter 11 Cases") under the caption In re: Big Lots, Inc., et al. , Case No. 24-11967 (JKS).

As previously disclosed, on December 27, 2024, the Company reached an agreed upon Asset Purchase Agreement with Gordon Brothers Retail Partners, LLC ("Gordon Brothers")1 that enables the transfer of assets of the Debtors, including stores, distribution centers, and intellectual property. On January 2, 2025, the Bankruptcy Court entered an order approving the sale of assets of the Debtors to Gordon Brothers (the "Sale"), and the Sale closed on January 3, 2025.2

Following the closing of the Sale, the Debtors have remained in possession of their property and continued to manage their assets as "debtors-in-possession" pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code3 and have worked to monetize their remaining assets and transition and wind down their estates. The Debtors now believe that it would be in the best interests of their creditors to convert the Chapter 11 Cases to cases under Chapter 7 of the Bankruptcy Code ("Chapter 7 Cases"). Accordingly, on October 24, 2025, the Debtors filed a motion with the Bankruptcy Court seeking to convert the Chapter 11 Cases into Chapter 7 Cases (the "Motion").4 4A hearing on the Motion has been scheduled for November 4, 2025.4

If approved by the Bankruptcy Court, the conversion of the Chapter 11 Cases to Chapter 7 Cases is expecte

Similar companies

Companies of similar size in SIC 5331 and related industry codes: the same peer list as the financial tables.

  1. BJ's Wholesale Club Holdings BJ public float $14.5B, Aug 2, 2025
  2. Costco Wholesale COST public float $451.6B, Feb 15, 2026
  3. Dollar General DG public float $21.1B, Aug 1, 2025
  4. Dollar Tree DLTR public float $21.9B, Aug 2, 2025
  5. Five Below FIVE public float $7.3B, Aug 1, 2025

Data on this page was fetched . The filing on SEC.gov is the record.