Paper Maker Verso Wins Support for Balance-Sheet Restructuring

Paper maker Verso Corp. won support from creditors for a balance-sheet restructuring and also won interim approval for up to $775 million in bankruptcy financing. 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.”)

Some New Jersey official and others say bankruptcy would be the best option for Atlantic City, WSJ reports.

Quicksilver Resources Inc. won approval to sell its oil and gas drilling operations for $245 million to BlueStone Natural Resources II LLC, DBR reports.

Chicago Public Schools delayed a planned $875 million bond sale that got fouled because of talk about bankruptcy, Reuters reports.

Senate Democrats are urging for Puerto Rico to be able to have access to bankruptcy, the Hill reports.

Investors are hedging their bets on a crude-oil revival, WSJ reports.

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