Restructuring

Embattled for-profit education company Corinthian Colleges Inc. will likely need to raise more money in order to complete its plan to sell the majority of its Everest, WyoTech and Heald campuses during the next six months, the company said Wednesday. Read the Daily Bankruptcy Review article here.

Atlantic City’s Revel casino and hotel, the most recent addition to the city’s famed boardwalk, will head to the auction block Thursday as part of its second bankruptcy in as many years.

According to documents filed with the Camden, N.J., bankruptcy court, the auction was moved from Aug. 7 because lawyers “need additional time to fully analyze and evaluate the bids received and are not prepared to go forward with the scheduled auction.”

A hearing to approve the winning bid is scheduled for Aug. 18.

Satellite TV provider DirecTV and telecom giant AT&T Inc. are would take over Houston’s struggling professional sports channel under a proposal filed late Wednesday in bankruptcy court. Read the Daily Bankruptcy Review article here.

The Bill & Melinda Gates Foundation has a simple question for education technology company ConnectEDU, which sought bankruptcy protection in April: Where’s our money?

In July 2013, the well-known foundation awarded a nearly $500,000 grant to ConnectEDU to develop an interactive program to help students master literacy under the Common Core standards that many states use to guide how public school students are caught.

In the coming week in bankruptcy court, the biggest ticket will be watching to see if Revel Casino Hotel in Atlantic City, N.J., can secure a buyer to keep the resort fr