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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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CalPERS to Appeal San Bernardino's Bankruptcy Eligibility post image

CalPERS to Appeal San Bernardino's Bankruptcy Eligibility

The California Public Employees’ Retirement System (“CalPERS”) announced its plans to appeal a decision handed down by the U.S. Bankruptcy Court, which affirmed San Bernardino’s eligibility to seek Chapter 9 municipal bankruptcy. CalPERS, California’s largest pension fund, argues that the city did not seek out other alternatives to alleviate its financial struggles before seeking relief […]

Author: Joel R. Glucksman

Link to post with title - "CalPERS to Appeal San Bernardino's Bankruptcy Eligibility"
Puerto Rico Lacks Bankruptcy Options post image

Puerto Rico Lacks Bankruptcy Options

Puerto Rico’s troubling debt position threatens its economic viability, and without Chapter 9 bankruptcy protection as an option, the unincorporated U.S. territory is facing a critical financial situation. The commonwealth’s economy heavily depends on tourism, which has plummeted recently due to declines in Americans’ discretionary spending. In response, the island has been operating largely on […]

Author: Joel R. Glucksman

Link to post with title - "Puerto Rico Lacks Bankruptcy Options"
New Jersey-Based Savient Pharmaceuticals Seeks Chapter 11 Bankruptcy post image

New Jersey-Based Savient Pharmaceuticals Seeks Chapter 11 Bankruptcy

Biotech firm Savient Pharmaceuticals has sought protection under Chapter 11 of the bankruptcy law, due to years of disappointing sales for its primary product Krystexxa. Biotech firm Savient Pharmaceuticals has sought protection under Chapter 11 of the bankruptcy law, due to years of disappointing sales for its primary product Krystexxa. The Bridgewater, New Jersey-based company filed for […]

Author: Joel R. Glucksman

Link to post with title - "New Jersey-Based Savient Pharmaceuticals Seeks Chapter 11 Bankruptcy"
G.W. Carver Memorial Gardens Cemetery Files for Bankruptcy post image

G.W. Carver Memorial Gardens Cemetery Files for Bankruptcy

George Washington Carver Memorial Gardens Inc., which closed its doors in September, has sought bankruptcy protection under Chapter 7 of the bankruptcy law. Although the company, which owns a cemetery in the gardens, has been struggling financially for several years, residents with loved ones buried in the gardens and those who have purchased plots are concerned […]

Author: Joel R. Glucksman

Link to post with title - "G.W. Carver Memorial Gardens Cemetery Files for Bankruptcy"
Analysts Liken Potential U.S. Default to Lehman Brothers' Fall post image

Analysts Liken Potential U.S. Default to Lehman Brothers' Fall

The federal government shutdown has captured the attention of many analysts, especially with the approach of the Oct. 17 deadline to raise the debt ceiling and avoid a default on U.S. debt obligations. Given the potential global financial disaster that could follow such a default, some financial and capital market analysts are likening the situation […]

Author: Joel R. Glucksman

Link to post with title - "Analysts Liken Potential U.S. Default to Lehman Brothers' Fall"
New York City Opera Files for Bankruptcy post image

New York City Opera Files for Bankruptcy

The iconic New York City Opera, a top cultural and historic attraction in the city for more than 70 years, has announced it will be closing its doors and has filed for bankruptcy protection. After its attempt to raise $7 million through aggressive fund-raising efforts failed, the company said its only option to overcome its […]

Author: Joel R. Glucksman

Link to post with title - "New York City Opera Files for Bankruptcy"
Texas Attorney General Drops Out Of American Airlines Merger Lawsuit post image

Texas Attorney General Drops Out Of American Airlines Merger Lawsuit

The U.S. Department of Justice saw its lawsuit against the American Airlines-US Airways merger weakened this week after Texas Attorney General Greg Abbott announced that his state was dropping out of the case. The loss of the state’s support comes as a blow to the federal agency, because American Airlines is based in Dallas-Fort Worth and […]

Author: Joel R. Glucksman

Link to post with title - "Texas Attorney General Drops Out Of American Airlines Merger Lawsuit"
What Does the Government Shutdown Mean for Bankruptcy Courts? post image

What Does the Government Shutdown Mean for Bankruptcy Courts?

Several high-profile bankruptcy law cases are currently being deliberated across the country, ranging from Detroit’s historic Chapter 9 municipal bankruptcy to any number of large corporate filings. In light of the Oct. 1 government shutdown however – the first since 1996 – consumers, businesses, and third parties alike are wondering how the court system will […]

Author: Joel R. Glucksman

Link to post with title - "What Does the Government Shutdown Mean for Bankruptcy Courts?"
Is Chapter 11 Bankruptcy an Option for Blackberry? post image

Is Chapter 11 Bankruptcy an Option for Blackberry?

Blackberry Ltd. has fallen on difficult times, and if its ongoing bid to find a buyer to take the company private fails, some analysts speculate that the company may be forced to reorganize under Chapter 11 of the bankruptcy law. Currently, the smartphone maker is negotiating a potential deal with Canadian insurance and investment company […]

Author: Joel R. Glucksman

Link to post with title - "Is Chapter 11 Bankruptcy an Option for Blackberry?"
Judge Allows Detroit to Keep Casino Tax Revenue post image

Judge Allows Detroit to Keep Casino Tax Revenue

Detroit will be allowed to continue accessing casino tax revenue during its bankruptcy proceedings while negotiations with creditors relating to these revenues take place, a bankruptcy court has ruled. U.S. Bankruptcy Judge Steven Rhodes authorized the struggling city to take in the casino tax revenue – which amounts to roughly $11 million each month – […]

Author: Joel R. Glucksman

Link to post with title - "Judge Allows Detroit to Keep Casino Tax Revenue"
Atari Files Reorganization Plan to Exit Bankruptcy post image

Atari Files Reorganization Plan to Exit Bankruptcy

Video-game maker Atari, Inc. has filed a reorganization plan in the U.S. Bankruptcy Court in Manhattan with the support of its French parent company Atari SA. In its filing, the bankrupt game-maker said it intends to give unsecured creditors a recovery of as much as 25 percent, Bloomberg reports. The company had intended to break away […]

Author: Joel R. Glucksman

Link to post with title - "Atari Files Reorganization Plan to Exit Bankruptcy"
Ecotality Files for Chapter 11 Bankruptcy post image

Ecotality Files for Chapter 11 Bankruptcy

Ecotality, a green-energy company backed by the U.S. government, has followed in the footsteps of many other electric car battery producers and filed for protection under Chapter 11 of the bankruptcy law. The company filed its bankruptcy case  in the United States Bankruptcy Court in Arizona, and plans to sell its assets in a bankruptcy auction […]

Author: Joel R. Glucksman

Link to post with title - "Ecotality Files for Chapter 11 Bankruptcy"

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