American Apparel Maps Survival Plan

American Apparel Inc. told a bankruptcy judge of a survival plan that would help it leave bankruptcy with less debt and would help fix inventory issues at its stores, Daily Bankruptcy Review reports.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Bank of New York Mellon is foreclosing on the power plant created to supply Atlantic City, N.J.’s Revel casino with electricity, the Associated Press reports.

Puerto Rico is promising better oversight, The Wall Street Journal reports.

Yellowstone Club founder Tim Blixseth is getting a “final opportunity” to come clean about a disputed property sale, the AP reports.

Two more U.S. coal company bankruptcies would put more than half the industry’s bonds in default, CFO Journal reports.

Bloomberg reports on India’s efforts to overhaul country-old bankruptcy laws.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa