Bankrupt Big Lots Gets Approval to Pay Vendors Up to $60m

Big Lots won bankruptcy court approval to pay as much as $60 million to vendors the discount retailer said are critical to it.

• US bankruptcy court Judge Kate Stickles said at a Wednesday court hearing that she’d approve Big Lots’ request to pay critical vendors
• The firm had said in court papers that the payments were necessary to ensure it’s able to have sufficient merchandise at its stores
• Other key issues, including approval for an asset-sale bidding procedure and obtaining post-petition financing, have been adjourned to Oct. 21
• The case is Big Lots Inc., number 24-11967, in the ...