General Growth Properties Inc. has lined up nearly $4 billion in commitments from creditors Fairholme Capital Management and Pershing Square Capital Management LP to help fund its exit from bankruptcy protection, The Wall Street Journal reports.

Six Flags Inc. Monday launched its bid to exit bankruptcy as the property of private equity funds led by Avenue Capital Management, leaving bondholders owed $870 million with a fraction of the company. Read the Daily Bankruptcy Review story here.

The U.S. Supreme Court on Monday restored a provision of the 2005 federal bankruptcy-reform law that bars attorneys from advising clients to take on more debt before they file for bankruptcy protection, WSJ reports.

Carl Icahn and other investors took control of the Tropicana Casino & Resort in Atlantic City, N.J., as it emerged from bankruptcy protection, according to WSJ.

Centaur LLC is putting its Colorado casino up for sale as it works to restructure its debt in bankruptcy, the Associated Press reports.

The judge overseeing the liquidation of Bernard Madoff’s firm is allowing investors to appeal his order that lets the liquidator reject years’ worth of fake profit from the fraud when calculating victims’ repayment claims, according to Bloomberg.

A bankruptcy judge in New Jersey on Monday approved a deal between top thoroughbred owner Ahmed Zayat and Fifth Third Bank that allows Zayat to continue operating through May 1, the day the Kentucky Derby will be run, the Lexington Herald-Leader reports.

Smurfit-Stone Container Corp. is consolidating its two packaging-container plants in Virginia into a single facility, according to the Richmond Times-Dispatch.

The National Hockey League has sued former Phoenix Coyotes owner Jerry Moyes, seeking to recover more than $61 million, Reuters reports.