{"schema_version":"secwatch.filing_event.v1","accession":"0000768835-25-000034","form_type":"8-K","ticker":null,"cik":"0000768835","company_name":"FORMER BL STORES INC","filed_at":"2025-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.124645+00:00","generated_at":"2026-05-17T01:29:14.346211+00:00","sec_items":["1.03"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"confidence":"high","headline":"Former Big Lots files to convert Chapter 11 to Chapter 7; shares deemed worthless","bullets":["On Oct 24 2025 Debtors filed motion to convert Chapter 11 cases to Chapter 7; hearing set for Nov 4.","If approved, a Chapter 7 trustee will be appointed to liquidate remaining assets for creditors.","Company expects to cease filing SEC reports after conversion and will no longer manage assets as debtors-in-possession.","Company believes its common shares are worthless; no distribution to shareholders expected in liquidation.","Sale of substantially all assets to Gordon Brothers closed Jan 3 2025; remaining assets to be liquidated."],"urls":{"canonical":"https://secwatch.observer/filing/0000768835-25-000034","json":"https://secwatch.observer/filing/0000768835-25-000034.json","markdown":"https://secwatch.observer/filing/0000768835-25-000034.md","text":"https://secwatch.observer/filing/0000768835-25-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/768835/000076883525000034/0000768835-25-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/768835/000076883525000034/big-20251024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:29:14.346211+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}