The Daily Docket: Detroit Emerges From Bankruptcy

Detroit’s Chapter 9 bankruptcy case officially ended Wednesday, a day after the city’s emergency manager resigned, The Wall Street Journal reports.

The closed Revel Casino Hotel is asking a bankruptcy judge to terminate a $110 million deal to sell the boardwalk resort to a Canadian private-equity firm, putting a Florida-based real-estate developer in line to buy the Atlantic City property. WSJ has 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 our homepage, scroll to the bottom and click “try for free.”)

Teen clothing retailer Wet Seal is warning of a potential bankruptcy, WSJ reports.

RadioShack Corp. is cutting more costs amid ballooning losses, WSJ reports.

The bankruptcy plan for Stockton, Calif., will soon become effective, the Record reports.

Private-equity firm H.I.G. Capital LLC wants a buyer for Arctic Glacier Holdings Inc., WSJ reports.

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