A&P Faces Opposition on Plan to Quickly Sell and Close Stores

The Pension Benefit Guaranty Corp. is opposing Great Atlantic & Pacific Tea Co.’s plan to quickly sell and close a number of its stores, and so are some landlords. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(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.”)

There has been a bump in chapter 11 bankruptcy filings, which rose 77% in July, DBR reports in WSJ.

DBR reports on (sub. req) opposition to a deal tying up loose ends from the chapter 11 bankruptcy case of the former RadioShack.

According to the Associated Press, Wayne County is entering an agreement with the state of Michigan to help deal with its debt issues.

The Motley Fool has analysis on Caesars Entertainment Corp.’s stock jump Thursday.

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