The Daily Docket: Bankruptcy Judge Delays Key Trump Taj Mahal Ruling

As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Entertainment Resorts Inc ., telling the casino operator to come back next week with a firmer vision for the casino’s future. Read the story in the Daily Bankruptcy Review.

(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 our homepage, scroll to the bottom and click “try for free.”)

The Wall Street Journal reports Altegrity,  the company that vetted Edward Snowden, is in talks with creditors to cut its roughly $1.7 billion in debt after losing key U.S. government contracts.

Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig told big banks they should “assume the worst” when planning for their own demise, including not assuming any financial help from the federal government, WSJ reports.

General Motors said Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, Reuters reports.

The Associated Press reports a man who was abused by a priest while attending a school for deaf children cannot set aside a settlement with the Archdiocese of Milwaukee to pursue a claim in bankruptcy court, a federal appeals court ruled Wednesday.

The AP writes that money that was loaned to Montana’s Yellowstone Club for the ultra-rich and then largely diverted to the luxury resort’s founder, Tim Blixseth, should be counted as income, a state tax board ruled

Finnish nickel miner Talvivaara said on Thursday its subsidiary Talvivaara Sotkamo Ltd, which includes its actual mining assets, will apply for bankruptcy after failing to raise financing, reports Reuters.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23.