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:

June 03, 2025
US Trustee Says Conn's Ch. 11 Plan's Releases Are Improper

The Office of the U.S. Trustee objected to the Chapter 11 plan disclosure statement of department store Conn's, saying the plan contains third-party releases with an opt-out mechanism that is not permissible under the Supreme Court's ruling in Harrington v. Purdue Pharma.
March 31, 2025
Retailer Conn's Gets OK To Pay $2M To B. Riley, Store Dealers

Furniture and appliance retailer Conn's Inc. received a Texas bankruptcy judge's approval Monday to pay a group of former W.S. Badcock dealers about $2 million to settle their potential claims in the Chapter 11 case, under an agreement that calls for the onetime store owners and lender B. Riley to share in proceeds of the Conn's asset sales.
March 28, 2025
Conn's Creditors Object To $4M Award For Lender

The committee of unsecured creditors of bankrupt retailer Conn's Inc. has urged a Texas bankruptcy judge to reject the company's bid to amend its debtor-in-possession financing to pay a lender $4 million to provide apparent adequate protection.
February 19, 2025
Conn's Can Sell Florida Unit's Property To AutoZone For $8M

A Texas bankruptcy judge on Wednesday approved a request from Conn's, a furniture and appliance retailer, for permission to sell some of its Florida-based subsidiary's real estate to auto parts chain AutoZone for $8.33 million.
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.

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