The Daily Docket: RadioShack Enters Bankruptcy

RadioShack Corp. filed for Chapter 11 protection with a deal to sell up to 2,400 of its stores to hedge fund Standard General, The Wall Street Journal reports.

Women’s retailer Cache Inc. hasn’t given up hope on finding a buyer to keep its 218 stores alive, but in the meantime it is looking to secure bankruptcy-court approval to begin store-closeout sales by early March. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Strategic confusion and missed financial targets put RadioShack at its lenders’ mercy, WSJ reports.

Wayne County, Mich., is threatening to unravel Detroit’s bankruptcy deal, the Detroit News reports.

The New York Times discusses global debt rising $57 trillion since the financial crisis.

W.R. Grace & Co. is splitting in two a year after leaving bankruptcy, DealBook reports.

(And just for fun: Here’s a photo interactive of the RadioShack’s 94 years in business.)

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