US Trustee Says Basic Fun Restructuring Deal Too Broad

By Yun Park · August 19, 2024, 6:39 PM EDT

The U.S. Trustee's Office asked a Delaware bankruptcy judge to reject toymaker Basic Fun's restructuring support agreement, saying it would improperly pay creditor legal fees and include parties that are not...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Formerly known as The Bridge Direct, Good Stuff, K'NEX, Teach 4 Kids and Uncle Milton, the toy-maker behind Lincoln Logs and Tinker Toys filed for Chapter 11 bankruptcy with less than $100 million in assets and liabilities each

Case Number

24-11432

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

<$100 million

View Full Scorecard

Documents

Related Sections

Case Information

Case Title

Basic Fun, Inc.

Case Number

1:24-bk-11432

Court

Delaware

Nature of Suit

Date Filed

June 28, 2024

Recent Articles By Yun