The Daily Docket: RadioShack Auction Kicks Off

RadioShack Corp .’s fate hangs in the balance Monday when a bankruptcy auction kicks off, pitting companies that want to liquidate the electronic retailer’s remaining assets against a hedge fund that has pledged to keep about half the chain’s stores open.. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

A group of investment vehicles owned by a Bahraini bank are seeking U.S. bankruptcy protection to shield more than $200 million from Saudi Arabia’s Ahmad Hamad Algosaibi & Bros., DBR reports in WSJ.

There is some unease over the appointment of emergency managers in Atlantic City, N.J., WSJ reports.

Bondholders of Kaisa Group rejected a debt-restructuring proposal, Reuters reports.

Streetwear web retailer Karmaloop may have to file for bankruptcy, the New York Post reports.

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