Oil and Gas Company Sabine Files for Chapter 11 Bankruptcy

Texas-based Sabine Oil & Gas Corp. filed for chapter 11 protection to try to reach a restructuring deal with creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(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.”)

Signal International LLC moved a step forward Tuesday in its bid to settle labor trafficking allegations, winning bankruptcy court approval of financing and other critical orders, DBR (sub. req.) reports.

Lawyers for the former RadioShack Corp. have asked a bankruptcy judge to throw out a lawsuit brought by the Texas attorney general over unredeemed gift cards, DBR reports in WSJ.

Walter Energy Inc. plans to file for chapter 11 protection, WSJ reports.

Delta Air Lines Inc. offered to support Japan’s struggling Skymark Airlines, WSJ reports.

(And don’t forget to check out our 50 Cent bankruptcy follow-up blog post.)

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