Conn’s Bankruptcy Plan Confirmed, Judge Overrules Trustee Objections in $1.95B Liquidation - USA Herald

Court confirms distribution plan in Conn’s bankruptcy - Furniture Today

HOUSTON — While its Chapter 11 bankruptcy case is not yet closed, Conn’s Inc. reached a key milestone nearly a year after its initial filing. On July 21 in the U.S. Bankruptcy Court for the Southern District of Texas, Judge Alfedo R. Perez approved the third amended joint Chapter 11 plan of distribution of Conn’s Inc. and its debtor affiliates, which included former Top 100 retailers Conn’s HomePlus and Badcock Home Furniture &more. Both brands …

Conn’s Bankruptcy Plan Confirmed, Judge Overrules Trustee Objections in $1.95B Liquidation - USA Herald

In a dramatic courtroom climax, Texas-based department store Conn’s secured confirmation of its Chapter 11 liquidation plan on Monday, bringing closure to a volatile bankruptcy saga that saw the once-prominent retailer buckle under $1.95 billion in debt. U.S. Bankruptcy Judge Alfredo R. Perez approved the plan, brushing aside objections from the U.S. Trustee’s Office, which had warned the plan’s third-party release and exculpation provisions cou…