Retailer Sports Authority Can Tap Loan, Start Liquidation Sales

Sporting-goods retailer Sports Authority won approval to use part of its bankruptcy loan and to start liquidating some of its stores. 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.”)

Norwegian bulk carrier Bulk Invest ASA filed for bankruptcy after abandoning its restructuring effort, DBR reports in WSJ.

Texas energy regulators are way of a buyout of Energy Future Holdings Corp.’s Oncor, DBR reports.

Abengoa SA’s bankrupt U.S. unit won approval to start tapping inos bankruptcy financing, DBR reports.

Australia’s youngest billionaire went bankrupt, Reuters reports.

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