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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Gordmans Stores Inc. Files for Chapter 11 Bankruptcy

Gordmans, a chain of Midwestern discounted department stores, filed for Chapter 11 bankruptcy March 13, 2017. It continues a trend other major department store chains are familiar with, and internet shopping is likely to blame. Another department store bites the dust According to Bloomberg Markets, Gordmans Stores Inc. plans to liquidate all of its stores. […]

Author: Joel R. Glucksman

March 28, 2017

Payless Inc. Expected to File for Bankruptcy

Retailer Payless Shoesource is expected to file for bankruptcy in the near future, according to Bloomberg News. Retailer Payless Shoesource is expected to file for bankruptcy in the near future, according to Bloomberg News. Although not yet publicly acknowledged, the company is rumored to be planning to close around 500 of its stores as a method of […]

Author: Joel R. Glucksman

March 18, 2017

Scarinci Hollenbeck

Creditors Try to Push Scout Media to File for Bankruptcy

Scout Media has had a bit of a turbulent year. In July, The New York Post reported that the company fired former CEO Jim Heckman. An email sent to its publishers stated that the board of directors maintained Heckman had “advanced his own personal interests at the expense of the company’s.” Recently, three of Scout’s […]

Author: Joel R. Glucksman

December 19, 2016

Scarinci Hollenbeck

Will Transtar Holding Co's Bankruptcy Affect the Automotive Industry?

The automotive industry has a complex supply chain. General Motors, Toyota and other original equipment manufacturers (OEMs) The automotive industry has a complex supply chain. General Motors, Toyota and other original equipment manufacturers (OEMs) do not produce the tires, coil springs and hundreds of other components that go into their vehicles. Rather, they contract with […]

Author: Joel R. Glucksman

December 15, 2016

In Wake of Restructure, Nasty Gal Files for Bankruptcy

Nasty Gal, a homegrown fashion outfitter based in Los Angeles, has an interesting story. Its founder, Sophia Amoruso, started the company in 2006 with nothing more than a laptop, an eBay account and her passion for developing vintage clothing. The business prides itself on designing and producing its own clothes, shoes and accessories on the […]

Author: Joel R. Glucksman

December 14, 2016

Renewable Energy Company SunEdison Finds Buyer in Wake of Bankruptcy

After filing for chapter 11 bankruptcy earlier this year, renewable energy developer SunEdison recently found a buyer for some of its assets. In a recent blog post, NRG Energy announced it had purchased 1,500 megawatts worth of assets from SunEdison. Those properties consist of utility-scale wind and solar-photovoltaic projects that are either currently in operation or […]

Author: Joel R. Glucksman

December 13, 2016

A Closer Look at Why Energy Companies Are Going Bankrupt

It’s been a rough year for the oil industry. According to Debtwire, as of mid-July, North American upstream energy service enterprises with more than $45 billion in secured debt, have filed for bankruptcy. The reason why so many exploration and production companies are going under is due to plummeting profits. Casey Research noted the price of […]

Author: Joel R. Glucksman

December 7, 2016

Scarinci Hollenbeck

Major Oil Transporter, Murphy Energy, Files Chapter 11

Murphy Energy Corp., one of the largest oil and natural gas transporters in the nation, recently announced it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company’s financial struggles are due in large part to the collapse of oil prices. Currently, Murphy Energy is looking for potential buyers for […]

Author: Joel R. Glucksman

December 6, 2016

Black-Eyed Pea Restaurants Announce Chapter 11 Bankruptcy Filing

Recently, Black-eyed Pea restaurants announced that it had filed for Chapter 11 bankruptcy protection. According to National Restaurant News, the company plans to close a portion of its casual dining chain locations. Black-eyed Pea falls into insolvency The restaurant chain’s financial struggles have mounted over the last year. WFAA reported that 12 of the company’s restaurants […]

Author: Joel R. Glucksman

November 22, 2016

Medical Tech Firm, Sotera Wireless, Announces Chapter 11 Bankruptcy Protection

Sotera Wireless, the medical technology firm known for the development of its wireless patient monitoring software, recently announced that it had filed for Chapter 11 bankruptcy protection. According to a Mass Device report, the company accumulated mounting debt recently. Sotera Wireless’ recent financial struggles In its court documents, the company cited the $13.1 million debt […]

Author: Joel R. Glucksman

November 17, 2016

Major Mexican Restaurant Chain, Rita Restaurant Corp, files Chapter 11

Recently, Rita Restaurant Corp, the owner of Don Pablo’s Mexican Kitchen, one of the largest Mexican food chains in the country, announced it filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, while the restructuring plan is not set yet, the company could close a substantial portion of its 16 chain locations […]

Author: Joel R. Glucksman

November 15, 2016

One of the Largest Organic Fast Food Chains, Garden Fresh, Files for Bankruptcy

Citing Lack of Performance, Major Organic Fast Food Chain, Garden Fresh files for Bankruptcy Recently, Garden Fresh Restaurant Corp., one of the largest organic chain restaurant companies in the U.S., announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the corporation that also runs the Souplantation and Sweet Tomatoes […]

Author: Joel R. Glucksman

November 7, 2016

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