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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Stimulus-Backed Car Charging Company Close to Bankruptcy

ECOtality Inc., a U.S. Energy Department-backed maker of electric car charging systems, is teetering on the brink of bankruptcy as a result of heavy debt and sustained operating losses. The company was previously awarded nearly $100 million in grant funding under the 2009 stimulus law, but the Energy Department has since suspended stimulus payments due […]

Author: Joel R. Glucksman

August 29, 2013

Bankruptcy Judge Hesitant to Approve AMR's Bankruptcy Plan

The Justice Department’s unexpected antitrust lawsuit that is designed to halt the merger of US Airways and American Airlines may interfere with the final confirmation of AMR’s bankruptcy plan, a judge said in Thursday’s hearing. U.S. Bankruptcy Judge Sean Lane, who before this week was expected to give the final approval of AMR’s bankruptcy plan, […]

Author: Joel R. Glucksman

August 27, 2013

Bankruptcy Protection

Government Lawsuit Seeks to Block American Airlines-US Airways Merger

A government lawsuit, filed by the Justice Department and several states, is seeking to halt the proposed American Airlines merger with US Airways. The merger – the final step in AMR’s exit from bankruptcy protection – would create the largest airline in the world. The government’s antitrust suit was largely unexpected, as the two airlines […]

Author: Joel R. Glucksman

August 23, 2013

Bankruptcy Protection

Analysts Debate the Effectiveness of Municipal Bankruptcy on Improving Cities

Five years after the Great Recession began, a number of cities across the country are still struggling to recover from fiscal shortfalls, budgetary constraints, and financial mismanagement. As is well known, this has prompted many to seek protection under Chapter 9 – the municipal bankruptcy part of bankruptcy law. Although the media have generally focused […]

Author: Joel R. Glucksman

August 22, 2013

Railroad Company Involved in Deadly Explosion Seeking Bankruptcy Protection

Railroad company Montreal, Maine & Atlantic Ltd., which has recently been in the media spotlight for causing a deadly explosion in Quebec, is seeking bankruptcy protection under Chapter 11 in both the United States and Canada. Earlier in July, a parked train carrying 72 tankers full of crude oil began rolling downtown in the small […]

Author: Joel R. Glucksman

August 20, 2013

National Ambulatory Services Firm Seeks Chapter 11 Bankruptcy Protection

Rural/Metro, an ambulance and fire protection services company, announced it has filed for Chapter 11 bankruptcy protection. The company has already established a reorganization plan following an agreement with its lenders to reduce debt liabilities by half. The company filed paperwork with the U.S. Bankruptcy Court in Wilmington, Delaware, and cited “significant challenges and disruptions operating its […]

Author: Joel R. Glucksman

August 16, 2013

American Airlines Nears Bankruptcy Exit, Merger

American Airlines parent AMR Corporation is gearing up to make its formal exit from bankruptcy proceedings, and to enter into a multibillion-dollar merger agreement with US Airways, after receiving approval of its restructuring plan from creditors. AMR announced that preliminary results reveal at least 88 percent of ballots in each creditor class were cast in favor […]

Author: Joel R. Glucksman

August 15, 2013

Bankruptcy Proceedings

Business Bankruptcies Continue to Decline

Americans have been inundated as of late with news relating to several high-profile business bankruptcies, suggesting that more companies are continuing to struggle as the economy makes its slow recovery. Despite the heavy coverage, a new report indicates that the number of companies seeking bankruptcy protection is actually falling. New Generation Research, a unit of […]

Author: Joel R. Glucksman

August 13, 2013

Bankruptcy Protection

Illinois Beer Distributor Seeks Chapter 11 Bankruptcy Protection

A popular Anheuser-Busch distributor sought Chapter 11 bankruptcy protection in Illinois this week, in the hopes of reorganizing its debt and emerging in a stronger financial position. Earl Gaudio & Son Inc. officially filed for bankruptcy protection in a U.S. bankruptcy court in Danville, Illinois. A week prior to the filing, a court approved the sale of the company […]

Author: Joel R. Glucksman

August 9, 2013

Harrisburg Holds 'Wild West' Auction to Reduce Debt

Harrisburg, Pennsylvania, has been struggling for years to unload its heavy municipal debt and repair its broken economy. The city attempted to file for bankruptcy protection in 2011, but the court dismissed its request, leaving the debt-saddled state capital with few avenues for alleviating its financial woes. Now, the city is trying a new creative […]

Author: Joel R. Glucksman

August 8, 2013

Endicott Interconnect Technologies Seeks Bankruptcy Protection

Endicott Interconnect Technologies has filed for bankruptcy protection with the U.S. Bankruptcy Court in Utica, and says that layoffs may quickly follow. The company, which was recently spun off from IBM in 2002 in the hopes of saving thousands of jobs, announced its plans to file for Chapter 11 protection and sell its assets to meet […]

Author: Joel R. Glucksman

August 2, 2013

Detroit Businesses See Bankruptcy as Opportunity for 'Stability'

When cities file for municipal bankruptcy protection, public works projects, civil servants, and public institutions typically suffer. In the case of the most recent historic filing, many Detroit businesses see it as an opportunity to gain more traction in an economy that has been unpredictable and sluggish for the last several years. Sandy Baruah, head of the […]

Author: Joel R. Glucksman

August 1, 2013

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