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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Judges Rule On Nortel Networks Bankruptcy Case

Judges in the U.S. and Canada recently ruled on the bankruptcy proceedings of Nortel Networks, providing some clarity in a saga that has lasted since 2009 when the telecommunications giant filed for protection from creditors. In that time, several courts have considered the fate of Nortel Networks assets, causing fees of more than $1 billion […]

Author: Joel R. Glucksman

June 17, 2015

Puerto Rico Electric Power Authority Gets Two Week Extension

Bloomberg Business is reporting that the Puerto Rico Electric Power Authority (“PREPA”) has obtained a two-week extension from its creditors, so that it can attempt to sort out its finances. The extension runs through June 18, so that PREPA can continue talks with bond holders and banks. The agency has approximately $9 billion of outstanding […]

Author: Joel R. Glucksman

June 16, 2015

Scarinci Hollenbeck

Fun & Games with Mortgage Bankruptcy

Dewsnup v. Timm In 1992, the United States Supreme Court decided a mortgage bankruptcy case entitled, Dewsnup v. Timm, 502 U.S. 410 (1992). This held that a debtor in a bankruptcy could not use a Chapter 7 liquidation proceeding to “strip down” a mortgage lien to the value of the collateral. In Dewsnup, the mortgage was […]

Author: Joel R. Glucksman

June 11, 2015

Major Setback for Underwater Homeowners

Underwater Homeowners Experience Setback Owners of homes with underwater second mortgages recently suffered a large setback after the U.S. Supreme Court ruled that they cannot free themselves of their obligation to pay these debts by filing for Chapter 7 bankruptcy protection. The court’s decision on the case – Bank of America, N.A. v. Caulkett – […]

Author: Joel R. Glucksman

June 10, 2015

Scarinci Hollenbeck

Options in Bankruptcy Protection: Chapter 7 & 13

Bankruptcy Protection Options Individuals who need to seek bankruptcy protection generally have two alternatives: “wage earner” bankruptcy under Chapter 13 or liquidation under Chapter 7. There are important differences between the two. Most notably, in a Chapter 7 liquidation the debtor essentially piles their assets into a heap, turns them over to the appointed trustee and […]

Author: Joel R. Glucksman

June 3, 2015

Apple Takes Stance Against Radioshack Regarding Customer Data

Technology giant, Apple Inc., recently added its voice to the issues surrounding the RadioShack bankruptcy They argued that the electronics retailer should not be able to sell the customer data of those who bought Apple’s products. Apple made this assertion during RadioShack’s bankruptcy proceedings, according to AppleInsider. According to a filing submitted by Apple, the agreements it […]

Author: Joel R. Glucksman

May 28, 2015

Caesars Creditors Access Pending On Decision

Caesars Entertainment Corporation’s operating unit, Caesars Entertainment Operating Co., has agreed to give creditors access to its business records. In this way, creditors will be able to access records through an independent examiner investigating transactions that predated the unit’s bankruptcy filing, according to Reuters. However, although Caesars has agreed, that does not seal the deal, because a federal […]

Author: Joel R. Glucksman

May 27, 2015

Scarinci Hollenbeck

Consumer Financial Protection Bureau to Investigate Student Loan Servicers

The Huffington Post reports that the newly created Consumer Financial Protection Bureau is beginning a wide-based investigation into the student loan servicing business. Given that over 40 million youngsters have student loan debt, this may be a significant development in ensuring that students are treated fairly. At the least, it vindicates the decision for the […]

Author: Joel R. Glucksman

May 26, 2015

Scarinci Hollenbeck

RadioShack submits to mediation involving customer data

RadioShack submits to mediation involving customer data RadioShack recently agreed to mediation with state attorneys general who have expressed privacy concerns about the sale of the Fort Worth, Texas-based electronics retailer’s customer data. The company consented to this process after the attorneys general of several states raised questions about whether RadioShack in fact has the right […]

Author: Joel R. Glucksman

May 21, 2015

Scarinci Hollenbeck

Judge Gives CEOC More Time to Create Restructuring Plan

A federal judge recently granted a request made by Caesars Entertainment Operating Co. to continue its “exclusivity” period – that is, the time when only the debtor may file a proposed restructuring plan. At an April 29 hearing in Chicago, U.S. Bankruptcy Judge Benjamin Goldgar ruled in Caesar’s favor and extended exclusivity until May 27, Reuters reported. Extension […]

Author: Joel R. Glucksman

May 20, 2015

RadioShack's Trustee Fights For Customer Privacy

In the midst RadioShack’s bankruptcy, previous consumers can feel safe that customer privacy is being held in high regard by the federal bankruptcy court. The trustee assigned to RadioShack’s bankruptcy recently implored a federal court to protect customer privacy by ensuring that the electronics retailer cannot sell its customer data amid its plans to wind down and keep certain stores […]

Author: Joel R. Glucksman

May 19, 2015

Caesars Operating Request Time Extension In Bankruptcy Case

The operating unit of Caesars Entertainment Corp., Caesars Operating, request additional time so the company can file its own Chapter 11 reorganization plan without having to worry about rival agendas. The branch garnered a substantial amount of attention when the group chose to file for Chapter 11 bankruptcy protection earlier in 2015. Exclusive period ends in […]

Author: Joel R. Glucksman

May 15, 2015

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