Restructuring

A&P plans to sell or close its remaining stores as part of its return to bankruptcy, spelling its likely demise. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Baha Mar Ltd., the bankrupt developer of a $3.5 billion unopened resort in the Bahamas, will go before two courts Monday—one in the U.S. and one in the Bahamas.

The Supreme Court of the Bahamas will consider whether to recognize the company’s U.S. bankruptcy filing, a decision that could finally give the company access to $80 million in bankruptcy financing from company owner Sarkis Izmirlian. But the prime minister of the Bahamas said Thursday that the government will oppose that request and force it into a Bahamian court proceeding.

Signal International LLC filed for chapter 11 bankruptcy protection Sunday to deal with lawsuits accusing it of labor trafficking involving citizens of India recruited to work in the U.S. The Wall Street Journal has the Daily Bankruptcy Review article here.

Bahamas resort developer Baha Mar Ltd.’s 60-plus

Energy Future Holdings Corp. has won round two in a fight with bondholders demanding some $431 million worth of premiums on billions of dollars in debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.