USA Discounters Enters Bankruptcy to Wind Down

Retailer USA Discounters Ltd., which has been accused of misleading U.S. service members, filed for chapter 11 bankruptcy protection to wind down, Daily Bankruptcy Review reports 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.”)

As DBR reports via WSJ, Relativity Media LLC won permission to continue on a fast sale timeline for its movie and TV business.

Puerto Rico’s sewer and water authority, Prasa, is delaying a $750 million bond sale until at least next week, WSJ reports.

According to Bloomberg, American Apparel Inc. is looking for advisers to help it come up with a bankruptcy restructuring plan.

Patriot Coal Corp.’s unsecured creditors are worried about a possibly strike by minors, Reuters reports.

Casino workers in Atlantic City, N.J., said they are giving Carl Icahn “one last chance” to give them back pension and health-care benefits before they go on strike on behalf of the Trump Taj Mahal, the Associated Press reports.

A judge set a Sept. 25 auction for the Z’Tejas restaurant chain, DBR reports via WSJ.

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