---
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"
generated_at: "2026-05-17T01:29:14.346211+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Former Big Lots files to convert Chapter 11 to Chapter 7; shares deemed worthless

## Summary
- 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.

## SEC filing metadata
- accession: 0000768835-25-000034
- form_type: 8-K
- cik: 0000768835
- company_name: FORMER BL STORES INC
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- confidence: high
- sec_items: 1.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000768835-25-000034
- JSON: https://secwatch.observer/filing/0000768835-25-000034.json
- Plain text: https://secwatch.observer/filing/0000768835-25-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.