The Daily Docket: Judge Nixes Revel Sale Deal

A bankruptcy judge on Friday scrapped a $110 million deal to sell Atlantic City, N.J.’s closed Revel Casino Hotel to a Canadian private-equity firm. 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.”)

DBR reports via WSJ that Binder & Binder, one of the nation’s largest Social Security disability firms, is preparing for a possible Chapter 11 bankruptcy filing as soon as this week.

According to WSJ, RadioShack Corp. reiterated that it might need to file for bankruptcy protection leading, possibly leading to liquidation.

BlackRock Inc. gave up its leadership role in debt-restructuring talks for Caesars Entertainment Corp.’s biggest unit, WSJ reports.

Now that Kevyn Orr is no longer the emergency manager for Detroit, he’s unsure of his next move, the Am Law Daily reports.

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