Former RadioShack to Pursue ‘Broad Peace Treaty’ With Creditors

The former RadioShack Corp. and its creditors have opted to pursue a “broad peace treaty,” agreeing to put off a fight over a contentious motion to abandon the electronics retailer’s restructuring efforts in favor of a chapter 7 liquidation. 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.”)

The Obama administration is enlisting the lawyer who carried out the government’s landmark mortgage settlement to oversee the process of forgiving the loans of tens of thousands of former students of Corinthian Colleges Inc., DBR reports via WSJ.

A judge refused to remove prosecutors from a case against former Freedom Industries Inc. officials, DBR (sub. req.) reports.

Energy Future Holdings Corp. scrapped its bankruptcy plan, Reuters reports.

The Erie Otters minor league hockey team in Pennsylvania is set to be sold at auction next month, the Associated Press reports.

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