BIG Lots is reportedly set to file for bankruptcy as early as Sunday, with plans of selling the company and closing all of its stores through a court-supervised process. The retail giant will reportedly continue operating under Chapter 11 protection and is currently in the process of securing a stalking horse bid, which is the first bid placed on a bankrupt company’s assets before a public auction. Big Lots will reportedly file for bankruptcy as early as the end of the weekGetty The reports surfaced after the retailer announced the release of its second-quarter earnings release had been pushed back from September 6 to 12. The chain shutting down could affect over 30,00
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