Bankruptcy & Restructuring News Headlines for Tuesday Jul 2, 2024

Here's what we are reading this morning:

Retailer Conn’s Mulls Bankruptcy Filing Amid Sales Declines - Bloomberg: Furniture retailer Conn’s Inc. is preparing for a potential bankruptcy filing as it faces sales declines and struggles to integrate a rival chain, according to people with knowledge of the plans

US SEC sues Silvergate Bank over false statements made about AML procedures | The Block: The crypto-friendly bank, which liquidated and shuttered its doors last year, was sued on Monday, according to a complaint filed by the SEC

Delta Apparel Files for Bankruptcy, Inks Deal to Sell Salt Life - WSJ: Company plans to sell certain assets related to its Salt Life branded products for about $28 million to FCM Saltwater Holdings, which will act as the stalking-horse bidder

Toy Company Behind Lincoln Logs and Care Bears Files for Bankruptcy  - WSJ: Basic Fun, also known for Tinker Toys and K’Nex, plans to continue operating in chapter 11 as it restructures its balance sheet





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