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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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Chapter 9 Bankruptcy Protection Is The Verdict For Hillview, Kentucky

On August 20, the town of Hillview, Kentucky announced that it had filed for Chapter 9 bankruptcy protection, according to the Louisville Courier-Journal. In court documents, the town noted that it had sought bankruptcy protection following an $11.4 million jury verdict, which was approximately four times the town’s budget. Hillview’s legal dispute lands them in […]

Author: Joel R. Glucksman

September 7, 2015

Archdiocese of Saint Paul and Minneapolis Files For Bankruptcy

The Archdiocese of Saint Paul and Minneapolis has been under fire for quite some time regarding alleged sexual abuse by its member priests. The Archdiocese of Saint Paul and Minneapolis filed for protection under Chapter 11 of the bankruptcy law on Jan. 16, according to The Star Tribune. The filing appears to reflect the Archdiocese’s belief that it cannot […]

Author: Joel R. Glucksman

January 22, 2015

Banks using credit scores to recoup bankruptcy-discharged debt

Going through bankruptcy as an individual is designed to be unpleasant. A personal bankruptcy generally has a dramatic negative impact on a credit report and can put some loans out of grasp for up to a decade. The financial tool is designed this way to ensure that it is only used as a last-ditch resort […]

Author: Joel R. Glucksman

December 9, 2014

Judge Rhodes Endorses Detroit Bankruptcy Plan

Less than a year and a half after filing for protection under Chapter 9 of the bankruptcy law, the city of Detroit is ready to begin implementing its plan of restructuring. Judge Steven Rhodes of the United States Bankruptcy Court for the Eastern District of Michigan approved the Detroit plan to cut $7 billion of […]

Author: Joel R. Glucksman

November 27, 2014

San Bernardino Commits to Mediation 'Outline'

One week after a U.S. Bankruptcy Judge ruled that the city of San Bernardino is eligible to seek protection under the provisions of Chapter 9 municipal bankruptcy, city officials committed to preparing an “outline” by October 15 when they enter into discussions with creditors and a mediator. The city will be required to enter into […]

Author: Joel R. Glucksman

September 17, 2013

DIA Urges Detroit to Stay Away from Art Collection

Several creditors and pension groups have teamed up to challenge the constitutionality of the Detroit bankruptcy filing. Although the Detroit Institute of Art has opted out of the objections, it released a statement discouraging the city from including its multimillion-dollar art collection in the bankruptcy proceedings. Prior to its petition for protection under Chapter 9 […]

Author: Joel R. Glucksman

September 6, 2013

Creditors File Objections to Detroit Bankruptcy

More than 100 objections have been filed by creditors, opposing the eligibility of Detroit to file Chapter 9 municipal bankruptcy of U.S. bankruptcy law. This is a development that may add significant complexity to the question of whether the struggling city will be permitted to move forward with its bankruptcy reorganization proceedings. Creditors, unions, and retiree […]

Author: Joel R. Glucksman

August 30, 2013

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

First Detroit Bankruptcy Hearing Set by Judge

Legal challenges to a historic petition to file for Chapter 9 municipal bankruptcy continue, as the city braces for the initial Detroit bankruptcy hearing this week. Less than one week after Detroit filed for the largest municipal bankruptcy in U.S. history, the city has requested that U.S. Bankruptcy Judge Steven Rhodes suspend pensioners’ lawsuits and prevent new […]

Author: Joel R. Glucksman

July 30, 2013

Detroit Files for Chapter 9 Municipal Bankruptcy

After months of closed-door negotiations and speculation, the city of Detroit officially filed for Chapter 9 municipal bankruptcy, making it the largest municipal bankruptcy in U.S. history. The city, which is facing billions of dollars in debt due to decades of mismanagement, high unemployment, and tax revenue losses, failed to reach an accord over the recent […]

Author: Joel R. Glucksman

July 23, 2013

City of Stockton Qualifies For Bankruptcy Protection

A federal judge has ruled that the city of Stockton, California, is eligible for bankruptcy protection. Thus, the Chapter 9 bankruptcy case filed by the city will continue. Stockton, which is home to some 300,000 residents, recently became the largest city in the United States to file for bankruptcy protection. The city joins fellow California […]

Author: Joel R. Glucksman

April 11, 2013

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

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