Colt Could Be Nearing the End of Bankruptcy

Colt Defense LLC is looking for approval of a deal that would let it access $50 million once it leaves bankruptcy, 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.”)

Read Bankruptcy Beat’s report on lawyers leading the charge in MF Global litigation seeking $42.1 million in fees.

According to Bloomberg, Bahamas Prime Minister Perry Christie said resort project Baha Mar Ltd. could open up early next year.

Longtime labor deal bargaining could be weakening as domestic car companies’ financing diverges, The Wall Street Journal reports.

According to the Associated Press, Steinbach, one of the oldest makers of traditional wooden nutcrackers, filed for bankruptcy in Germany.

According to the Milwaukee Business Journal, the Archdiocese of Milwaukee owes $384,000 in fees for publishing legal notices in various newspapers.

(And don’t forget to check out our blog post on three sex workers who say the “life-changing promises” from a reality show produced by Relativity Media LLC never happened.)

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