The Daily Docket: Energy Future Loan Draws Competition, Opposition

Energy Future Holdings Corp. on Monday unveiled changes to a $1.9 billion bankruptcy loan, including improvements in its fees and terms, that the Texas power company hopes will garner it court approval over opposition on multiple fronts. The Wall Street Journal 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.”)

Corinthian Colleges Inc . announced Monday that its board has voted to sell, rather than wind down, all of its Heald schools, a group of 12 campuses that offer associate degrees in subjects like health care and technology. Read the DBR article via WSJ.

General Motors Co. unveiled its recall compensation plan, WSJ reports.

Bernard Madoff and R. Allen Stanford Ponzi-scheme victims lost out Monday when the Supreme Court refused to hear appeals in cases looking to get the victims more money, the New York Post reports.

Puerto Rico has three weeks to respond to an investor lawsuit against the new proposed restructuring law, Bloomberg reports.

Chrysler Group LLC said its June U.S. auto sales rose 9.2%, WSJ reports.

DealBook has more on Argentina’s hedge fund payment deadline.

Credit Slips looks at sovereign debt language.

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