Bankrupt Caesars Unit’s Adviser Warns of Ticking Clock

[wsj-responsive-image P="//art.wsj.net/api/photos/38736204/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38736204/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38736204/smartcrop?height=853&width=1280" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

The financial adviser for Caesars Entertainment Corp.’s bankrupt operating unit says battles over the unit’s restructuring are threatening payouts for junior creditors. Read the Daily Bankruptcy Review article here.

(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.”)

As DBR reports in The Wall Street Journal, teen retailer Aéropostale Inc. is battling private-equity firm Sycamore Partners for a shot at a turnaround.

Music, book and videogame retailer Hastings Entertainment Inc. is preparing to file for bankruptcy, Bloomberg reports.

Regulators in the U.S. are giving four foreign banks more time for the next versions of their “living wills,” WSJ reports.

WSJ reports on allegations by the chief executive of British retailer BHS that the company’s owner threatened to kill him.

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