Former Big Lots Inc. Files Bankruptcy/Receivership Report

TL;DR

BIG LOTS (FORMER) FILED BANKRUPTCY. BIG TROUBLE.

AI Summary

On October 24, 2025, FORMER BL STORES, INC. (formerly Big Lots Inc.) filed a Form 8-K to report a bankruptcy or receivership event. The company, incorporated in Ohio with EIN 06-1119097, is located at 4900 E. Dublin-Granville Road, Columbus, Ohio.

Why It Matters

This filing indicates a significant financial distress event for the former Big Lots Inc., potentially impacting its stakeholders, including investors, creditors, and employees.

Risk Assessment

Risk Level: high — A bankruptcy or receivership filing is a direct indicator of severe financial distress and a high risk of significant loss for stakeholders.

Key Numbers

• 06-1119097 — EIN (Employer Identification Number for the registrant)

Key Players & Entities

• FORMER BL STORES, INC. (company) — Registrant
• Big Lots Inc. (company) — Former name of registrant
• October 24, 2025 (date) — Date of earliest event reported
• Ohio (jurisdiction) — State of incorporation
• 4900 E. Dublin-Granville Road, Columbus, Ohio (address) — Principal executive offices

FAQ

Filing Documents

• big-20251024.htm (8-K) — 29KB
• 0000768835-25-000034.txt ( ) — 171KB
• big-20251024.xsd (EX-101.SCH) — 2KB
• big-20251024_def.xml (EX-101.DEF) — 15KB
• big-20251024_lab.xml (EX-101.LAB) — 26KB
• big-20251024_pre.xml (EX-101.PRE) — 15KB
• big-20251024_htm.xml (XML) — 3KB

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") 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") 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. 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 Code 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"). A hearing on the Motion has been scheduled for November 4, 2025. If approved by the Bankruptcy Court, the conversion of the Chapter 11 Cases to Chapter 7 Cases is

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K and the Exhibits hereto contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are predictions based on our current expectations and our projections about future events, and are not statements of historical fact. Forward-looking statements include statements concerning our business strategy, among other things, including anticipated trends and developments in, and management plans for, our business and the markets in which we operate. In some cases, you can identify these statements by forward-looking words, such as "estimate," "expect," "anticipate," "project," "plan," "intend," "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," and "continue," the negative or plural of these words and other comparable terminology. All forward-looking statements included in this Form 8-K are based upon information available to us as of the filing date of this Form 8-K, and we undertake no obligation to update any of these forward-looking statements for any reason. You should not place undue reliance on these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. These factors include the matters discussed in "Part I – Item 1A – Risk Factors" in our Annual Report on Form 10-K for the year ended February 3, 2024, the other factors discussed from time to time in other filings with the Securities and Exchange Commission, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. You should carefully consider the risks and uncertainties described under t

View Full Filing

View this 8-K filing on SEC EDGAR