Consumer
Toy Maker Behind Lincoln Logs, Tinker Toys Files for Bankruptcy
Photographer: Anacleto Rapping/Los Angeles Times/Getty Images
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Basic Fun Inc., a seller of children’s products including Lincoln Logs and Tinker Toys, filed for Chapter 11 bankruptcy on Friday.
The company’s Chapter 11 petition submitted in Wilmington, Delaware listed assets and liabilities of at least $50 million each. The bankruptcy filing allows Basic Fun to keep operating while it works on a plan to repay creditors.