UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 ORor 15(d) of ~~The~~the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June ~~July~~ 29, 2010

Finlay Enterprises, Inc.

(Exact name of registrant as specified in its charter)

Delaware		0-25716		13-3492802
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1350 Avenue of the Americas, New York, New York	~~10019~~	10019
(Address of principal executive offices)	(Zip Code)
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code : (212) 661-7803

	Not Applicable
	(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o £ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o £ Soliciting material pursuant to ~~Rule~~ Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o £ Pre-commencement ~~communications~~ communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o £ Pre-commencement ~~communications~~ communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7 1.0103. Bankruptcy or ~~Regulation FD Disclosure~~Receivership

~~On July~~Commencing 29on August 5, ~~2010~~2009, Finlay Enterprises, Inc. (the “Registrant”), and a ~~wholly-owned~~certain ~~subsidiary~~ of ~~the~~its ~~Registrant~~subsidiaries, including Finlay Fine Jewelry Corporation (together with the Registrant, the “Debtors”), filed ~~their~~voluntary ~~unaudited~~petitions ~~monthly~~for ~~operating~~relief ~~report~~under ~~for~~chapter ~~the~~11 ~~fiscal~~of ~~month~~title ~~ended~~11 ~~July~~of 3,the ~~2010~~United States Code (the “~~Monthly~~Bankruptcy ~~Operating Report~~Code”), with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) (In re Finlay Enterprises Inc., Case No. 09-14873 (JMP)). On AJune ~~copy~~29, 2010, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Debtors’ Modified Plan of Liquidation Under Chapter 11 of the Bankruptcy ~~Monthly~~Code, ~~Operating~~dated ~~Report~~May is18, 2010 (the “Plan”). The Plan ~~contained~~became ineffective and substantially consummated on August 2, 2010 (the “Effective Date”). A copy of the Plan, as confirmed by the Bankruptcy Court, is attached hereto as Exhibit 992.1, and is incorporated herein by reference.

~~Cautionary~~Summary ~~Statement~~of ~~Regarding~~the ~~Financial and Operating Data~~Plan

The ~~Registrant~~following ~~cautions~~is ~~investors~~a ~~and~~summary ~~potential~~of ~~investors not to place undue reliance upon~~ the ~~information~~material ~~contained~~terms inof the ~~Monthly Operating Report~~Plan, ~~which was~~as ~~not~~confirmed ~~prepared~~by ~~for~~ the Bankruptcy ~~purpose~~Court. This ofsummary ~~providing~~is ~~the~~qualified ~~basis~~in ~~for~~its anentirety ~~investment~~by ~~decision~~reference ~~relating~~ to ~~any of~~ the ~~securities~~Plan, ofa ~~the~~copy ~~Registrant. The Monthly Operating Report has been prepared solely for the purpose~~ of ~~complying~~which ~~with~~is ~~the Operating~~attached ~~Guidelines and~~hereto ~~Reporting~~as ~~Requirements for Debtors in Possession and Trustees (Revised~~Exhibit 2/.1~~/08)~~. Capitalized ~~established~~terms byused ~~the~~but ~~Office~~not ofdefined ~~the~~herein ~~United~~shall ~~States~~have ~~Trustee for~~ the ~~Southern~~ ~~District~~meanings ofset ~~New~~forth ~~York~~ in ~~accordance~~the ~~with 28 U~~Plan.~~S.C. § 586(a)(3). The Monthly Operating Reports is limited in scope and only covers a limited time period.~~

The Plan ~~financial~~is ~~statements~~a inliquidating ~~the~~plan. The ~~Monthly~~Plan ~~Operating~~provides, ~~Report~~among ~~were~~other ~~not~~things, ~~audited~~for orthe ~~reviewed~~liquidation byof ~~independent~~the ~~accountants~~Debtors’ ~~and~~remaining ~~were~~assets ~~not~~by ~~prepared~~a Plan Administrator, satisfaction, in ~~accordance~~cash, ~~with accounting~~of ~~principles~~all ~~generally~~Administrative ~~accepted~~Expense Claims, satisfaction, in cash, of all Secured Claims, and cash distributions to the ~~United~~Debtors’ ~~States~~Third ofLien and ~~America~~General ~~(GAAP)~~Unsecured Creditors. All existing Equity Interests in the ~~The~~Debtors ~~Monthly~~were ~~Operating~~terminated ~~Report~~on ~~presents~~the ~~condensed~~Effective ~~financial~~Date ~~information~~and holders of ~~the~~Equity Interests ~~Debtors~~will receive no distribution under the Plan.

~~There~~On ~~can~~the beEffective noDate ~~assurance~~of ~~that, from~~ the ~~perspective~~Plan, all of anthe ~~investor~~Debtors’ orremaining ~~potential~~assets ~~investor~~ vested in the Post ~~Registrant’s~~Effective ~~securities~~Date Debtors, ~~the~~and ~~Monthly~~such ~~Operating~~assets ~~Report~~will isbe ~~complete.~~liquidated ~~The~~by the Plan ~~Monthly~~Administrator ~~Operating~~for ~~Report~~the ~~may~~benefit beof ~~subject~~the toholders ~~future~~of ~~adjustment~~Allowed ~~and~~Third ~~reconciliation.~~Lien Claims. The ~~Monthly~~Post ~~Operating~~Effective ~~Report~~Date ~~also~~Debtors ~~contains~~will ~~information~~be ~~for~~dissolved ~~periods~~after ~~which are~~the ~~shorter~~liquidation oris ~~otherwise~~completed. In ~~different~~addition, ~~from~~Harbinger ~~those~~Capital ~~required in the Registrant’s reports~~Partners ~~pursuant~~Master toFund ~~the~~I, ~~Securities~~Ltd. ~~Exchange~~and ~~Act~~Harbinger ofCapital ~~1934,~~Partners asSpecial ~~amended~~Situations ~~(the “Exchange Act”)~~Fund, ~~and such~~ ~~information~~L.P., ~~might~~as ~~not~~significant bepre-petition ~~indicative~~holders of ~~the~~Third ~~Registrant’s~~Lien ~~financial~~Note ~~condition~~Claims, orhave paid ~~operating~~$7 ~~results~~million for the ~~period~~benefit ~~that~~of ~~would~~General beUnsecured ~~reflected~~Creditors, in ~~the~~exchange ~~Registrant’s financial~~for ~~statements or in its reports pursuant to the Exchange Act. The~~a ~~information~~full ~~set~~release ~~forth~~of inall ~~the~~claims ~~Monthly~~against ~~Operating Report should not be viewed as indicative of future results~~them.

~~The~~All ~~Monthly~~Equity ~~Operating~~Interests ~~Report~~that ~~and~~were ~~additional~~issued ~~information~~by ~~about~~ the Registrant’s were cancelled on the ~~filing~~Effective ~~under~~Date ~~chapter~~and 11one of(1) ~~title~~new 11share of ~~the~~Registrant ~~United~~common ~~States~~stock ~~Code,~~was ~~including~~issued ~~access~~ to the ~~court~~Plan ~~documents~~Administrator ~~and~~who ~~other~~shall ~~general~~hold ~~information~~such ~~about~~share for the ~~chapter~~benefit 11of ~~cases,~~the ~~are~~holders ~~available~~of ~~online~~the atformer Equity Interests consistent with their former entitlements. All common stock of the ~~Registrant’s~~other ~~case~~Debtors ~~administration~~outstanding ~~website~~after the ~~located~~Effective atDate will be cancelled on the date such Debtors are ~~http://chapter11~~dissolved.~~epiqsystems.com/finlay.~~

~~Limitation~~Information regarding the assets and liabilities of the Registrant is included in the Monthly Operating Report for the fiscal month ended July 3, 2010, which is attached as Exhibit 99.1 to the Registrant’s Current Report on ~~Incorporation~~Form 8-K filed with the Securities and Exchange Commission on July 30, 2010 and incorporated herein by ~~Reference~~reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 is being furnished for informational purposes only and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing. The filing of this Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by Regulation FD.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number		Description
99.1		Finlay Enterprises, Inc. Monthly Operating Report for the fiscal month ended July 3, 2010, filed with the United States Bankruptcy Court for the Southern District of New York.
2.1		Debtors’ Modified Plan of Liquidation Under Chapter 11 of the Bankruptcy Code, as confirmed by the Bankruptcy Court on June 29, 2010.

Forward-Looking Statements

This Form 8-K may contain “forward-looking statements” which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expects,” “believes”, “may” and similar expressions are used to identify these forward-looking statements. Such forward-looking statements are based on the Registrant’s current expectations and beliefs, are not a guarantee of future performance and involve known and unknown risks, uncertainties and other factors. Actual results, performances or achievements may differ materially from those contained in, or implied by, these forward-looking statements, depending upon a variety of factors including, in particular, the risks and uncertainties described in the Registrant’s filings with the Securities and Exchange Commission. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include, without limitation: (i) the Registrant’s ability to obtain court approval with respect to motions in the chapter 11 proceedings; (ii) Bankruptcy Court rulings in the chapter 11 cases and the outcome of the proceedings in general; (iii) risks associated with third party motions in the chapter 11 proceedings, and (iv) the impact of uncertainties of litigation as well as other risks described under “Risk Factors” and elsewhere in the Registrant’s Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Registrant undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this Form 8-K does not constitute an admission by the Registrant or any other person that the events or circumstances described in such statement are material.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FINLAY ENTERPRISES, INC.
Date: July 29, 2010
Date: August 23, 2010	By:	/s/ Bruce E. Zurlnick
	By:	/s/ Bruce E. Zurlnick
		Bruce E. Zurlnick
		Senior Vice President, Treasurer and Chief Financial Officer
		Financial Consultant

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