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Big Lots Begins Liquidation Sales After Bankruptcy Sale Collapses

  • Big Lots is starting liquidation sales at all remaining locations, including 17 stores in Massachusetts, as reported on Thursday.
  • The company will not complete its asset purchase agreement with Nexus Capital Management, leading to these sales to protect its estate's value.
  • Big Lots filed for Chapter 11 bankruptcy protection in early September and planned to sell its assets to Nexus.
  • Currently, Big Lots has 963 stores remaining nationwide and will continue to serve customers during the liquidation process.
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