The Daily Docket: Trump Entertainment Cleared to Leave Bankruptcy

Trump Entertainment Resorts on Thursday was cleared to exit bankruptcy proceedings, following a series of deals with former foes, including Donald and Ivanka Trump, who abandoned efforts to reclaim their brand from the downtrodden Atlantic City, N.J., Boardwalk gambling operation. 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.”)

Chassix Holdings Inc., a parts supplier to large auto makers, filed for chapter 11 bankruptcy protection on Thursday with a prearranged restructuring plan that has the support of a majority of its bondholders. WSJ has the DBR article here.

A bankruptcy judge on Friday will decide whether to approve an $82 million deal to sell the Revel Casino Hotel in Atlantic City, N.J., to Glenn Straub, a Florida-based developer. Read the DBR article in WSJ.

Caesars Entertainment Operating Co. is seeking bankruptcy-court approval to halt four creditor lawsuits brought against the company’s non-bankrupt parent for asset transfers made before CEOC’s chapter 11 filing, saying the continuation of those suits could “imperil” CEOC’s ability to reorganize, DBR reports in WSJ.

RadioShack Corp. warned stockholders not to expect recoveries in the company’s bankruptcy, MarketWatch reports.

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