Writings by Joel R. Glucksman

Joel Glucksman is an experienced civil and bankruptcy litigator specializing in the representation of secured lenders and other creditors in complex suits and bankruptcies.

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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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F-Squared Filing for Bankruptcy

Last week, F-Squared, one of the fastest growing investment firms in the U.S. Last week, F-Squared, one of the fastest growing investment firms in the U.S., announced plans to file for Chapter 11 bankruptcy protection. The announcement of F-Squared filing for bankruptcy came several months after settling a $35 million fraud charge for reporting false performance […]

Author: Joel R. Glucksman

August 4, 2015

Scarinci Hollenbeck

Baha Mar Filing for Chapter 11 Bankruptcy Protection

Baha Mar, Ltd, the new 1,000 acre mega-resort in the Bahamas, recently announced that it will voluntarily file for Chapter 11 bankruptcy protection. The announcement of Baha Mar filing for Chapter 11 came after a series of delays halted construction for the $3.5 billion project. Baha Mar fails to open The $3.5 billion hotel and casino project in Nassau […]

Author: Joel R. Glucksman

July 30, 2015

NJ Court Rules on Condominium Association Lien: What You Need to Know

In a recent decision by the United States Bankruptcy Court for the District of New Jersey, the Court ruled that condominium association liens are only limited to a six-month priority over a first mortgage. What this means for homeowners is that a condominium association lien can be stripped off the residence in a Chapter 13 […]

Author: Joel R. Glucksman

July 28, 2015

Scarinci Hollenbeck

From Predator to prey: The details of CTPartners Chapter 11 Filing

Last week CTPartners Executive Search Inc. announced it was voluntarily filing for Chapter 11 bankruptcy protection, according to the New York Post. Once the seventh-largest executive search firm in the U.S., CTPartners recently reported that it will suspend operations by June 30. CTPartners heads into Chapter 11 CTPartners recently disclosed that its $61 million asset sale […]

Author: Joel R. Glucksman

July 24, 2015

Salus Capital Partners Pushes For RadioShack To Switch to Chapter 7 Bankruptcy

Last week Radioshack’s prepetition lender Salus Capital Partners pushed for the electronics chain to convert its Chapter 11 bankruptcy case to Chapter 7. The Wall Street Journal reported that the move would threaten the chances for Radioshack to emerge as a standalone business after bankruptcy proceedings. Chapter 11 fees mounting As it calculates the likely results […]

Author: Joel R. Glucksman

July 22, 2015

Detroit's Bankruptcy Directs To Major Pension Funding Crisis

After the largest municipal bankruptcy filing in U.S. history, the Detroit government is struggling for a solution to make payments on what is consdiered a major pension funding crisis. While the $18 billion debt sent the city into a free fall to insolvency, there is now a growing concern about unfunded pensions for retirees and […]

Author: Joel R. Glucksman

July 20, 2015

Legendary Gunmaker Pulls the Trigger on Ch. 11 Bankruptcy Protection

Colt Defense LLC, a legendary gunmaker and one of the oldest gunmakers in the world, filed for Chapter 11 bankruptcy protection recently to cut its $500 million debt, according to Bloomberg Business. The filing comes after Colt lost key U.S. and foreign military contracts as well as years of dropping demand for firearms at the consumer […]

Author: Joel R. Glucksman

July 17, 2015

NJ Bankruptcy Court Approves Atlantic City Casino Liquidation

Last week, the U.S. Bankruptcy Court in Trenton, N.J. approved the casino liquidation plan for Revel AC Inc. in Atlantic City. The ruling resolves Revel’s long Chapter 11 case with a proposal that permits the casino to repay $45 million in debt for roughly $5 million. Revel’s long Chapter 11 case The long Chapter 11 […]

Author: Joel R. Glucksman

July 15, 2015

Largest Rare Earth Miner in the US Files for Bankruptcy

Molycorp, Inc. which is the largest rare Earth miner in the US, is filing for bankruptcy, as they have recently announced plans to file for Chapter 11 to reduce their $1.7 billion debt, according to a WSJ report. The filing is significant because Molycorp Inc. is the only source of rare earth metals in North America and […]

Author: Joel R. Glucksman

July 14, 2015

A Major Gold Producer Filed Chapter 11 & What We Can Learn From It

A major gold producer filed Chapter 11 bankruptcy protection recently, according to the Wall Street Journal. Midway Gold Corp. suspended operations last week after failing to pay off a $63.5 million debt to the Commonwealth Bank of Australia and a $10.5 million subordinate debt to Hale Capital Partners. Midway fails to generate revenue The company […]

Author: Joel R. Glucksman

July 7, 2015

Bankruptcy grants seniors path to greater financial freedom

Filing for bankruptcy is one way seniors can achieve greater financial freedom. By seeking this protection from creditors, they can secure financial freedom to negotiate and make whatever financial obligations they have less onerous.While many file for bankruptcy because they are suffering financial hardship, the method can be used to achieve other ends. Experts emphasize […]

Author: Joel R. Glucksman

June 23, 2015

Bankruptcy Deadline Approaching For Caesars Entertainment Operating Co. Inc

Caesars Entertainment Operating Co. Inc has 6 more months for bankruptcy plan. Caesars Entertainment Operating Co. Inc., the operating unit of Caesars Entertainment Corp., recently received another six months to draw up a proposed plan of reorganization to cut its debt. This will extend its “exclusivity period” – the time when only it can propose […]

Author: Joel R. Glucksman

June 19, 2015

Bankruptcy Protection

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