The Daily Docket: Atlantic Express Drives Into Bankruptcy

School bus operator Atlantic Express Transportation Corp. filed for bankruptcy because of big operating expenses and union labor costs, Bloomberg reports.

Longview Power LLC says it has found the financing needed to fix its coal-fired power plant and its balance sheet, setting the stage for an exit from bankruptcy in March 2014. Read the Daily Bankruptcy Review article here.

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Also according to Bloomberg, Advantage Rent A Car operator Simply Wheelz LLC said it’s going to file for bankruptcy.

A three-month-old company with ties to one of the biggest promoters of the virtual currency bitcoin has filed for bankruptcy protection with less than $50,000 in assets. Read the DBR Small Cap article via The Wall Street Journal.

It’s voting day in San Bernardino, Calif., and Detroit, two cities plagued by bankruptcy. Read more on San Bernardino in the Los Angeles Times and more on Detroit via the Associated Press.

Rural/Metro Corp. is seeking bankruptcy-court approval to settle a whistleblower lawsuit over the alleged submission of false Medicare claims. Read the DBR article via Private Equity Beat.

Reuters looks at Stockton, Calif.’s sales tax plan, which could help seal and end to the city’s bankruptcy.

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