Conn's, Inc.

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Case overview

Case Number:

4:24-bk-33357

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

November 12, 2024
3rd Circ. Weighs Boy Scouts Ch. 11, Calif. AG Balks At Fee Bid

The Third Circuit heard arguments on Boy Scouts of America's Chapter 11 plan from sexual abuse survivors as well as insurers, California's attorney general disputed Sullivan & Cromwell's fee requests in Kidde-Fenwal Inc.'s bankruptcy, and the U.S. trustee is seeking documents from Jackson Walker LLP regarding a former attorney's secret relationship with a bankruptcy judge. This is the week in bankruptcy.
November 06, 2024
Conn's Gets OK For $360M Asset Sale To Debt Collector

A Texas bankruptcy judge Wednesday approved the sale of most of retail chain Conn's assets to debt collector Jefferson Capital Systems for $360 million after hearing all objections had been resolved.
October 30, 2024
Conn's Seeks Hearing Next Week On Ch. 11 Asset Sale

Counsel for retail chain Conn's told a Texas bankruptcy judge Wednesday that no one has beaten the $360 million baseline bid for its assets from debt collector Jefferson Capital Systems and asked for a hearing to approve the sale next week.
October 03, 2024
Conn's Seeks OK For $360M Bid From Debt Collector

Retail chain Conn's has asked a Texas bankruptcy judge for permission to accept a $360 million baseline bid to purchase its assets, including the company's portfolio of consumer installment loans, from debt collector Jefferson Capital Systems LLC.
October 02, 2024
Conn's Gets Nod For $2.9M Exec Bonus Package In Ch. 11

A Texas bankruptcy judge said Wednesday he would approve a proposed $2.9 million bonus package for eight executives at bankrupt retailer Conn's Inc. once a revised order was filed, despite an objection from the U.S. Trustee's Office as to the packages utility.
September 20, 2024
US Trustee Slams Proposed Exec Bonuses In Conn's Ch. 11

The U.S. Trustee's Office urged a Texas bankruptcy judge on Friday to reject bonuses that retailer Conn's wants to pay executives if it reaches key goals in its Chapter 11 case, saying the awards would amount to an impermissible "pay to stay" retention plan because the debtor's restructuring professionals are the ones responsible for meeting such targets.
September 05, 2024
Healthcare Cos. Using Ch. 11 As Life Support In 2024

Several healthcare companies, including ventilator maker Vyaire Medical Inc. and hospital operator Steward Health Care System, have filed for bankruptcy this year, citing issues like a post-pandemic revenue drop and ballooning expenses colliding with declining government reimbursements.
September 04, 2024
Conn's Gets Final OK For DIP Loan After Resolving Objections

A Texas bankruptcy judge said Wednesday he would give final approval to debtor-in-possession financing for furniture and appliance retailer Conn's after the debtor reached a resolution with its lenders and unsecured creditors.
August 26, 2024
Girardi Denies Fraud Charges, Alex Jones Biz Sale Proposed

Disbarred attorney Tom Girardi has denied stealing from any of his clients, asking a judge to toss wire fraud charges. Meanwhile, a court-appointed trustee in Alex Jones' bankruptcy has asked a Texas judge to authorize the liquidation and wind-down of Free Speech Systems. This is the week in bankruptcy.
August 23, 2024
Retailers That Sunk Into The Red And Hit Ch. 11 In 2024

Major retail companies including Express Inc., Conn's Inc., Avon Products, Sam Ash Music, and Rue21 have filed for bankruptcy this year, citing industry challenges stemming from the lasting impacts of the COVID-19 pandemic, rising interest rates and inflationary pressures.

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