The Daily Docket: Doral to Hit Auction Block

The owner of several luxury resorts has won permission to place its Doral Golf Resort & Spa on the auction block, with a $150 million bid from Donald Trump’s hotel group leading the way. Read the Daily Bankruptcy Review article here.

Money Tree Inc. turned to Chapter 11 bankruptcy protection after thousands of its borrowers fell behind on their payments to the lender amid the crippling economic times. Click here to read the article in DBR Small Cap.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

Swedish auto maker Saab, which filed for bankruptcy Monday, was once an innovator of turbo-charged cars, The Wall Street Journal reports. The company’s downfall accentuates the difficulties niche auto makers face in trying to survive.

According to WSJ, Belgian-French bank Dexia SA said it will sell its Luxembourg subsidiary for €730 million ($958.3 million) to a group led by the royal family of Qatar.

DealBook points to a New York Times article on presidential hopeful Mitt Romney’s retirement agreement from private equity firm Bain Capital, which he helped start.

Reuters reports that the receiver for the struggling city of Harrisburg, Pa., seems to be converting critics after initially facing a lot of disapproval.

Central Falls, R.I.’s retired firefighters and police officers will take pension cuts, WSJ reports.

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