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It turns out that the bankruptcy situation for Conn’s is far worse than first reported. Over the weekend KFDM 6 News reported that the business is closing all of its Conn’s Home Plus stores and also a subsidiary chain of stores named Babcock Home Furniture. “Going out of business” signs are posted at the stores and everything in the stores is marked down 30% to 50%. Founded in Beaumont, the history of Conn’s goes back to 1890.