Patriot Coal Makes Sale Deal With Blackhawk Mining

Patriot Coal Corp. has lined up a deal to sell most of its operating mines to Blackhawk Mining LLC. 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.”)

Caesars Entertainment Operating Co.’s bid to use its bankruptcy shield to halt lawsuits against its non-bankrupt parent is something “no court has ever granted” and should be rejected, a group of Caesars creditors said ahead of a trial that begins Wednesday in Chicago. The DBR article is available here (sub. req.).

The bidder who won an auction for the Family Christian retailer, which sells religious books, music and church supplies, plans to keep the 3,100-worker chain in business, DBR reports (sub. req.).

Ivanhoe Energy Inc. says it is bankruptcy after it couldn’t reach a viable restructuring proposal, WSJ reports.

Bloomberg looks at how the collapse of life-insurance company Life Partners Holdings Inc. is affecting policyholders.

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