The Daily Docket: Revel Cleared to Leave Bankruptcy

Revel AC Inc., which saw its high-end Atlantic City, N.J., resort and casino falter nearly as soon as it opened its doors, won approval to exit bankruptcy with a fraction of the debt that weighed it down when it entered Chapter 11. Read the Daily Bankruptcy Review article here.

(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, visit our homepage, scroll to the bottom and click “try for free.”)

An independent examiner’s report that could sway settlement negotiations in the bankruptcy of mortgage lender Residential Capital LLC may remain under seal until July 3, according to a judge’s order on Monday. Read the DBR article via Fox Business.

Arcapita Bank BSC is taking a look at a loan offer from Fortress Credit Corp. Bloomberg reports.

Sun Capital Partners Inc. was cleared on WARN Act claims in bankruptcy court, Law360 (sub. req.) reports.

Bloomberg looks at Detroit’s rescue roadmap.

The Detroit Free Press interviews the city’s emergency financial manager, Kevyn Orr.

The Financial Times (sub. req.) profiles hedge-fund founder Dan Loeb.

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