Big Lots Creditors Seek $89 Million in Rent and Vendor Payments

Big Lots Inc.'s unsecured creditors told a court that if they don’t receive nearly $89 million in rent and vendor payments they say they were promised, they’ll push to convert the bankrupt retailer’s reorganization into a liquidation.

The discount retailer has failed to pay about $23 million in rent owed to landlords after it filed for Chapter 11 in September, as well as $65.8 million in claims related to the value of goods vendors sold to the company, an unsecured creditor group told the US Bankruptcy Court for the District of Delaware in a motion filed Monday.

The court should ...