Patriot Pressured Over Bankruptcy Plan

Patriot Coal Corp.’s major lenders are pressuring it over its bankruptcy-exit plan. Read 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.”)

DBR reports via The Wall Street Journal that Republican presidential candidate Donald Trump’s Trump Organization may try to buy the Trump International Golf Club in Puerto Rico, which isn’t owned by him but which bears his name.

Directors, networks and others are resisting Relativity Media LLC’s plan to auction its assets, DBR reports via WSJ.

Peabody Energy Corp.’s senior lenders hired law firm Davis Polk & Wardwell to talk about protecting the energy company’s assets, Bloomberg reports.

According to the Associated Press, Pope Francis said Wednesday at a prayer service in Washington, D.C., that American bishops were making a “generous commitment” in helping sexual-abuse victims. (Check out our blog post on the four U.S. dioceses in bankruptcy trying to settle sexual-abuse claims.)

WSJ reports on the number of bankruptcies happening in the oil patch, noting that many hydraulic fracturing, or fracking, companies are at risk.

Investors in the closed Revel casino in Atlantic City, N.J., sued the power plant built to supply electricity to the casino for fraud, the Associated Press reports.

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