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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Bankrupt Company Leaves Weapons Arsenal

A U.S. Bankruptcy Court is treading carefully on a Chapter 7 bankruptcy liquidation that will leave behind a large cache of weapons. Seattle-based company Advanced Interactive Systems recently sought bankruptcy law protection under Chapter 7 of the Bankruptcy Code. The company owns a number of shooting ranges and also trains security professionals, and as a […]

Author: Joel R. Glucksman

March 29, 2013

Chapter 7

Detroit to Appoint an Emergency Manager

Michigan Gov. Rick Snyder announced Thursday at a news conference in Detroit that he was committed to sending an emergency manager to oversee Detroit’s finances as the city struggles to avoid seeking bankruptcy law protection under Chapter 9 of the Bankruptcy Code. Snyder will recommend the appointment of bankruptcy lawyer Kevyn Orr as the emergency […]

Author: Joel R. Glucksman

March 28, 2013

Geokinetics Files for Chapter 11 Bankruptcy Protection

Geokinetics, a provider of seismic data, has filed for bankruptcy law protection under Chapter 11 of the Bankruptcy Code in Wilmington, Delaware. The voluntary bankruptcy will help the company accomplish its previously announced financial restructuring. The Houston-based corporation listed $12 million in assets and $351 million in liabilities. However, an agreement with the holders of […]

Author: Joel R. Glucksman

March 26, 2013

Trustee Wants to Auction Grand Casino Boat and Contents

The bankruptcy trustee overseeing the Chapter 7 liquidation of the Mississippi-based Grand Station Casino has submitted a request to auction off the famous casino boat and most of its inventory. Trustee Stephen Smith asked the court for permission to have the vessel auctioned off with all moveable equipment, including furniture, office equipment, a lift, food and […]

Author: Joel R. Glucksman

March 22, 2013

Chapter 7

Bankruptcy Judge Allows HealthBridge to Slash Union Workers' Benefits

A federal bankruptcy judge has approved a request by New Jersey-based HealthBridge Management to temporarily reduce the benefits of 600 union workers employed by five Connecticut nursing homes while it undergoes bankruptcy proceedings. Bankruptcy Judge Donald Steckroth sided with the distressed company after it noted that the full costs of pension and benefits insurance would […]

Author: Joel R. Glucksman

March 21, 2013

Hostess is Coming Back? Hostess Brands to Make Comeback by Summer

Hostess is coming back to a supermarket near you Thousands of people flocked to grocery stores when Hostess announced that it would no longer make its iconic desserts following its bankruptcy. However, the company has now announced that its popular Twinkies brand, along with other favorites, may return to the shelves as early as summer following […]

Author: Joel R. Glucksman

March 19, 2013

HealthBridge Seeks Chapter 11 Bankruptcy Protection

Five Connecticut nursing homes operated and managed by HealthBridge Management were recently forced to seek Chapter 11 Bankruptcy Protection. The filing resulted after HealthBridge was denied a request to delay a court order forcing it to reinstate 600 union workers that went on strike after the company unilaterally changed their labor contracts, according to The […]

Author: Joel R. Glucksman

March 15, 2013

High Rate of Student Loan Defaults Fails to Deter Investors

Student Loan Default Can not be Dismissed Through Bankruptcy More Americans are carrying student loan balances now than ever before and defaulting on their balances at even higher rates. Despite the risky nature of this borrowing category, however, it appears that student loan securities are in high demand by investors. The Federal Reserve Bank of […]

Author: Joel R. Glucksman

March 14, 2013

U.S. Aluminum Producer Files For Chapter 11 Bankruptcy Protection

U.S. aluminum producer Ormet Corporation is seeking protection under Chapter 11 bankruptcy law. The company filed for protection in a U.S. Bankruptcy Court in Delaware. In court documents, it cited falling aluminum prices and growing operational costs as the reason for its financial distress. The company said it agreed to sell itself to investment firm Wayzata Investment Partners, […]

Author: Joel R. Glucksman

March 12, 2013

Union Members Protest Patriot Coal Bankruptcy

Members of the United Mine Workers union launched a series of protests against the Patriot Coal company’s bankruptcy, which stands to jeopardize the pension and health benefits of thousands of workers and their families. The protests revolved around a string of proposed benefits cuts, following a request to extend more than $6 million in bonuses […]

Author: Joel R. Glucksman

March 8, 2013

Universal Care Group Seeks Bankruptcy Protection Amid State Takeover

An investigation into Florida-based Universal Health Care Inc., has prompted the insurer to file for Chapter 11 bankruptcy protection while regulators attempt to take over the company. The Medicare insurer operated by Dr. A.K. Desai recently underwent a state investigation, in which regulators report that “a pattern of mismanagement” and unlawful financial management has left the company […]

Author: Joel R. Glucksman

March 7, 2013

Legal Issues Force Parent Company of 'Girls Gone Wild' to Seek Bankruptcy Protection

GGW Brands LLC, owner of the “Girls Gone Wild” video series, has sought protection under Chapter 11 of the bankruptcy law in a U.S. Bankruptcy Court in Los Angeles, California. The company and several of its subsidiaries filed for protection as a result of several costly legal judgments. GGW Brands listed less than $50,000 in […]

Author: Joel R. Glucksman

March 5, 2013

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