Furniture retailer Conn’s Inc (NASDAQ:CONN) is facing a significant drop in share price due to potential bankruptcy filing news. The company, which caters to lower-income consumers, has seen sales decline and is struggling with the integration of a rival chain. Conn’s has enlisted advisors for financial and operational guidance. The retailer has faced three years of fiscal losses and recently delayed its quarterly financial report while borrowing $25 million under a term loan agreement. Shares have plummeted 77% this year and are trading 44.3% lower in premarket.