The Daily Docket: Standard General Wins RadioShack Auction

RadioShack ’s chances of surviving bankruptcy are growing increasingly dim, as top-ranking lenders mounted a new challenge to the company-saving bid from hedge fund Standard General LP, which has been declared the highest and best offer at an auction. 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.”)

MF Global Inc. wants court approval to pay $461 million owed to its creditors, the second such payment now that it has paid back most of its customers, DBR reports in WSJ.

WSJ reports on the bankruptcy filing of Brazilian construction firm Galvao Engenharia..

For small businesses facing bankruptcy, the path to a fresh start isn’t cheap. Read the DBR article in WSJ.

(And don’t forget to check out our blog post on attorneys general vowing to defend RadioShack’s 117 million consumers.)

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