Big Lots Bankruptcy Update: Pivoting from Reorganization to GOB Liquidation
By EsqSocial Corporation 20/12/24
On September 9, 2024, Big Lots, Inc. filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court in Delaware. At the time, Big Lots had entered into an asset purchase agreement with an affiliate of Nexus Capital Management LP (“Nexus”), which had agreed to acquire Big Lot’s assets and operations....
By: Stark & Stark