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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Bankruptcy Judge Postpones Revel Hotel and Casino Ruling Once Again

Revel Hotel and Casino has repeatedly encountered challenges finding a buyer, and these difficulties persisted after a U.S. Bankruptcy Court Judge decided March 13 that she cannot approve a proposed $82 million agreement to sell the property – this time involving a Florida developer. The troubled hotel and casino has suffered a string of failed […]

Author: Joel R. Glucksman

March 26, 2015

Federal Judge Declares Examiner Must Look Into Caesars Asset Transfers

A U.S. bankruptcy judge decided March 12 that an independent examiner must investigate transactions that involve one of Caesars Entertainment Corp’s operating units. Earlier this year, Caesars Entertainment Operating Co. filed for Chapter 11 bankruptcy protection, but before taking this legal action, it participated in several intercompany deals, according to Reuters. Before the company filed to obtain protection from its […]

Author: Joel R. Glucksman

March 24, 2015

Four of Nation’s Biggest Banks Pass Federal Reserve Stress Test

According to the Federal Reserve, four of the largest names on Wall Street have passed the Federal Reserve’s “Stress Test”. Goldman Sachs, JP Morgan Chase, and Morgan Stanley were all green lighted to be able to return income to their investors, although they were required to adjust their initial requests to insure that they had […]

Author: Joel R. Glucksman

March 19, 2015

Breaking News On Student Loan Debt in the U.S.

Following up on our recent posting about the problems concerning student loan debt in America, Fortune magazine reports that over a dozen Democratic senators have submitted proposed legislation to deal with at least a part of the skyrocketing amount of student loan debt. Under their proposal, any education loans issued to students by private financial […]

Author: Joel R. Glucksman

March 17, 2015

Judge Denies Request To Sell Revel Casino For $82 million

U.S. Bankruptcy Judge Gloria Burns recently refused to grant a request to sell Revel Casino made by advisors for the Atlantic City-based Casino and Hotel to Florida developer Glenn Straub for $82 million. Instead, she said the parties involved need more time to see if they can get a better deal to sell Revel Casino. […]

Author: Joel R. Glucksman

March 9, 2015

Donald Trump Removing Name From Atlantic City Casino

A bankruptcy court ruling on Friday February 20 gave Donald Trump a leg up on stripping his name from the troubled Trump Taj Mahal Atlantic City casino. Trump will now be allowed to proceed with a licensing suit, which demands that his name be erased from all of the Atlantic City properties owned by Trump […]

Author: Joel R. Glucksman

March 2, 2015

RadioShack To Get Interim Bankruptcy Loan

After filing for protection under Chapter 11 of the bankruptcy law, ailing electronics retailer RadioShack is set to take out an interim bankruptcy loan, sell a number of its stores, and pay certain of its key insiders and employees a healthy parting bonus. After almost a century in business, the company’s closing marks the end […]

Author: Joel R. Glucksman

February 26, 2015

RadioShack's Bankruptcy Is Now A Reality

As we discussed in an earlier blog post, well known electronics retail chain RadioShack’s bankruptcy filing is coming to fruition. After reporting losses in each of the last 11 quarters and coming dangerously close to running out of cash, RadioShack was hoping to file for protection under Chapter 11 of the bankruptcy law as early as […]

Author: Joel R. Glucksman

February 24, 2015

HomeMade Pizza files for Chapter 7

Chicago-area chain HomeMade Pizza filed for protection under Chapter 7 of the bankruptcy law last month. The fresh foods chain filed its Chapter 7 petition Dec. 3, listing assets between $10,000 and $50,000 and liabilities of about $11.2 million, according to Crain’s Chicago Business. Through this Ch. 7 liquidation bankruptcy, HomeMade Pizza will formally liquidate […]

Author: Joel R. Glucksman

February 12, 2015

RadioShack Preparing For Bankruptcy Courts

Electronics retailer RadioShack is considering a move that would see it selling assets out of bankruptcy. Radioshack is preparing to file for protection under Chapter 11 of the bankruptcy law as early as next month, according to Bloomberg. It is also in talks with Sprint Corp. to sell the leases on some of its stores. […]

Author: Joel R. Glucksman

February 4, 2015

Caesars Bankruptcy Plan Dented By Federal Judge

A federal judge may have just dealt a fatal blow to Caesars Bankruptcy Plan. Caesars bankruptcy was filed on January 15, 2015. However, in August, Caesars’ allegedly transferred a number of its assets to related business entities out of reach of creditors, according to Bloomberg. The company then canceled certain of its guarantees, so that holders of […]

Author: Joel R. Glucksman

February 2, 2015

SkyMall Files For Bankruptcy

For years, the in-flight catalog SkyMall was synonymous with flying. Times have changed, however, and shifting consumer trends and airline rules have seriously cut into the magazine’s business model. As a result, the company behind SkyMall recently filed for protection under Chapter 11 of the bankruptcy law, ending 25 years of selling oddball products, according […]

Author: Joel R. Glucksman

January 28, 2015

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