Joseph Myers, a partner and managing director of Clear Thinking Group LLC and Liquidating Trustee for BSI Holding Co., Inc., which was formerly known as Bobs Stores, announced that final disbursements of 13.5% have been sent to BSIs general unsecured creditors. This brings the total distribution issued in the case to 98.5%, far higher than the anticipated 40% to 70% return.
Bobs Stores, which had operated 34 stores in the Northeast, filed for Chapter 11 bankruptcy protection in October 2003. The majority of the companys assets were subsequently acquired by The TJX Companies.