Big Lots, Inc. (NYSE:BIG) confirmed early Monday that it, along with its subsidiaries, has initiated voluntary Chapter 11 bankruptcy filing and has also agreed to see all of its assets and ongoing business operations to an affiliate of investment firm Nexus Capital Management. What Happened: The confirmation from the Columbus, Ohio-based discount retailer comes close on the heels of a Bloomberg report that said on Saturday that a company is prepping to file for Chapter 11 and sell its assets through a court-supervised process. The company announced last weekit was delaying the release of its s…
