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Scrub Island Development Group Ltd., the owner of a British Virgin Islands luxury resort, sought bankruptcy protection to end a receivership it claims was secretly put in place by its lender, Bloomberg News reported yesterday. The company listed debt and assets of more than $100 million each in chapter 11 documents filed on Tuesday. FirstBank Puerto Rico, the company’s lender, is owed about $108 million, according to court documents. FirstBank initiated a “highly secretive appointment” of a temporary receiver of the Scrub Island Development Group’s assets without prior notice to the company or its lawyers, the resort operator said in court papers. The bank’s request was granted on Nov. 1 by the Eastern Caribbean Supreme Court in the High Court of Justice, according to court documents. FirstBank can seek an extension of the court’s ruling at a Nov. 28 hearing, the day after the temporary receivership is set to expire.

Court Square Capital Partners LP’s Physiotherapy Holdings Inc., which provides outpatient rehabilitation and sports-injury therapy, filed for bankruptcy protection with creditor support for a restructuring plan, Bloomberg News reported yesterday. The Exton, Pa.-based company listed debt of as much as $500 million and assets of as much as $1 billion in documents filed yesterday in bankruptcy court. Nearly 50 affiliates also are seeking court protection. Physiotherapy’s restructuring plan is supported by all of the company’s senior secured lenders and 99.7 percent of its bondholders, though terms of the plan were not immediately available.

Global Aviation Holdings Inc., the largest commercial provider of charter air transportation for the U.S. military, filed for bankruptcy protection today, just months after emerging out of its prior reorganization process, Reuters reported. Global Aviation previously filed for chapter 11 bankruptcy in 2012 to achieve "industry competitiveness" by cutting costs and debt load, and it emerged from the bankruptcy in February this year. Global Aviation said that the continued worldwide downturn in commercial freight markets along with the U.S. military's decision to curtail its cargo expansion flying has made it necessary for it to file for a court supervised reorganization process. In the court filing, Global Aviation said that the military's decision would reduce the charter provider's planned revenue for 2014 by about $54 million and will create "significant over-capacity in the military charter cargo business." Global Aviation said it expects to cut about 16 percent of jobs over the next 90 days.

The Atlantic Club Casino Hotel filed for chapter 11 protection yesterday, a move that is part of a plan to put its Atlantic City gambling business up for auction, Dow Jones Daily Bankruptcy Review reported today. California buyout firm Colony Capital LLC is the latest in a long string of owners of the casino, which is suffering along with the rest of the Atlantic City Boardwalk casinos from increased gambling competition in neighboring states. Papers filed in the U.S. Bankruptcy Court in Camden, N.J., estimate the Atlantic Club's debts at $10 million to $50 million, with an unknown amount of pension liabilities topping the list.

Advantage Rent A Car, which Hertz Corp. shaved off last year as part of its deal to buy Dollar Thrifty, is expected to be placed under chapter 11 protection today as its new owners question the book value of the fleet that was causing losses, Reuters reported today. Hertz sold its Advantage brand, which competes with Dollar Thrifty in the low-cost segment of the market, to Franchise Services of North America and Macquarie Capital. Simply Wheelz LLC, a unit of Franchise Services of North America that does business as Advantage Rent A Car, bought 24,000 vehicles from Hertz as part of the deal. The master lease agreement required Simply Wheelz to bear the residual value risk of the leased fleet. Simply Wheelz, as part of its fleet management operations, began to sell Hertz vehicles in June and booked losses on these sales, FSNA said. As of Oct. 25, Simply Wheelz had sold 5,295 vehicles through auctions for an average loss of about $1,633 per vehicle, and a total loss of about $8.6 million, according to FSNA.

Atlantic Express Transportation Corp. filed for chapter 11 protection yesterday, a court filing showed, as the school bus operator faces a union battle, weak earnings, and cash shortage, Reuters reported yesterday. Atlantic Express said that it expects to use the chapter 11 process to tap additional debt or equity financing, market its assets for sale and negotiate a new labor agreement with the union Local 1181-1061, Amalgamated Transit Union, AFL-CIO. The company has also filed a motion seeking authorization to sell some or all of its assets in December if it is unable to reach an agreement with Local 1181 on a new labor contract and obtain additional financing. New York-based Atlantic Express listed out estimated liabilities and assets of $100 million to $500 million.

Velti Inc., a provider of technology for marketing on mobile devices, filed for bankruptcy protection to arrange a sale of its U.S. businesses, Bloomberg News reported today. The company, with operations in San Francisco, plans to auction some assets with an affiliate of GSO Capital Partners, the credit division of Blackstone Group LP, acting as the stalking-horse bidder, according to Velti. Velti, a U.S. unit of Velti Plc, listed assets of $10 million to $50 million and debt of $50 million to $100 million in chapter 11 documents filed today.

U.S. golf retailer Edwin Watts Golf Shops LLC filed for chapter 11 protection today, Reuters reported. The retailer, owned by private equity firm Sun Capital Partners Inc., listed out estimated liabilities and assets of $100 million to $500 million. The Fort Walton Beach, Fla.-based company sells golf equipment, apparel, and accessories through its more than 88 domestic retail stores and also via its web portal. The case is Edwin Watts Golf Shops LLC, Case No. 13-12877, U.S. Bankruptcy Court, District of Delaware.

Laboratory Partners Inc. (MedLab), a clinical laboratory doing business in eight states and the District of Columbia, filed for bankruptcy on Oct. 25 with six subsidiaries, according to a press release. MedLab affirmed it will continue to operate its business and serve its customers on an uninterrupted basis through its existing facilities and employees, in all of the markets in which it operates, as it moves forward with its restructuring plan. In conjunction with the filing, MedLab has obtained a $5 million credit facility and line of debtor-in-possession financing from Marathon Special Opportunity Fund, an affiliate of its current senior secured lenders. MedLab intends to seek immediate permission from the bankruptcy court to pursue the sale of two of its divisions to potential purchasers. The company anticipates that, subject to court approval, a court-supervised auction for the Long Term Care division should occur in December 2013. The auction for the Terre Haute area laboratory business should be scheduled in January 2014. The closing of each transaction will occur shortly after each auction.

Allens Inc., a maker of canned and frozen vegetables in business since 1926, filed for bankruptcy, seeking to sell some divisions or reorganize as a new company, Bloomberg News reported yesterday. The company listed more than $100 million in debt and assets in its chapter 11 filing. The family-owned business began as Allen Canning Co. near Siloam Springs, Ark. Allens said it intends to keep operating its core canned-vegetables business while reorganizing. It has a commitment from lenders for a bankruptcy loan, and said it is going explore selling all or part of its business and the possibility of exiting bankruptcy as a standalone company.