KKR’s Samson Resources Enters Chapter 11

Oil and gas producer Samson Resources LLC, which was taken over by KKR & Co. in a leveraged buyout in 2011, filed for bankruptcy protection, The Wall Street Journal reports.

(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.”)

According to WSJ, General Motors Co. is expected to reach a criminal settlement over its defective ignition switches, which were tied to more than 100 deaths and spurred millions of vehicle recalls.

Patriot Coal Corp. is in “advanced” talks with a to-be-named rival bidder for its mining assets that may compete with lead bidder Blackhawk Mining LLC at auction, DBR reports in WSJ.

A GSO Capital Partners affiliate wants to stop an attempt to block debt exchanges that could keep Arch Coal Inc. out of bankruptcy. DBR reports.

The former RadioShack is closer to getting final approval of its liquidation plan, DBR reports.

Donald Trump declined to mention that his companies have filed for bankruptcy at Wednesday night’s Republican presidential debate, Bloomberg reports.

Opposition to Puerto Rico’s reform plan is growing, the Associated Press reports.

DealBook discusses the Dewey & LeBoeuf accounting fraud case heading to the jury.

(And don’t forget to check out our blog post on a Tennessee museum dedicated to dragons that is hoping to turn its luck around.)

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