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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Solar panel manufacturer files for bankruptcy

Suntech Power Holdings Corp. filed for protection under Chapter 15 of the bankruptcy law on February 21. The solar panel manufacturer recently defaulted on $541 million worth of bonds, according to Bloomberg News, and is filing for protection from its U.S. creditors while it liquidates in the Cayman Islands. “The Chapter 15 petition is a […]

Author: Joel R. Glucksman

February 28, 2014

Chapter 15

The Case of the Missing First Time Homebuyers

It is no secret that student loan debt has tripled in the last ten years, to a total nationwide amount exceeding one trillion dollars. Moreover, student loan debt is essentially like an incurable illness – – it can never be “fixed” in Bankruptcy Court. Now, evidence is emerging that this one trillion dollar debt is […]

Author: Joel R. Glucksman

February 27, 2014

Long Beach Medical Center files for bankruptcy

New York’s Long Beach Medical Center announced that it has filed for protection under Chapter 11 of the bankruptcy law, according to Long Island Newsday. Hurricane Sandy did extensive damage to the medical center in October of 2012, forcing the facility to close down almost entirely, and it has remained essentially closed since the storm. According […]

Author: Joel R. Glucksman

February 25, 2014

Chapter 11

Company Owned By Bill Gates' Investment Fund Files Chapter 11

Bill Gates is best known for co-founding Microsoft – the world’s largest personal computer software company – with Paul Allen. But Gates also invests in numerous other ventures, including , which recently filed for protection under Chapter 11 of the federal bankruptcy law. The Texas electric company is owned by a Bill Gates investment fund, […]

Author: Joel R. Glucksman

February 21, 2014

Parent Company of 1st Mariner Bank Files for Bankruptcy

Following the mortgage crisis in 2007, many of the nation’s banks entered difficult times. One of these financial institutions – First Mariner Bank – has struggled to pull itself out of the crisis, which has now led its parent company to file for protection under Chapter 11 of the U.S. bankruptcy law in the hope that the […]

Author: Joel R. Glucksman

February 20, 2014

Milwaukee Archdiocese Filing for Reorganization

The sexual abuse scandal has been very detrimental to the financial interests of the Roman Catholic Church, and it appears the damage is not yet over. The Archdiocese of Milwaukee has announced that it will set aside $4 million under its proposed bankruptcy reorganization plan, in order to end its proceedings under U.S. bankruptcy law, […]

Author: Joel R. Glucksman

February 18, 2014

Catholic Church

Music Festival Production Company Files Chapter 11

Music festivals have experienced a resurgence in recent years, with the growing popularity of shows such as Coachella and Ultra. One of the newest festivals BottleRock, which took place in Napa Valley, could have a shaky future, as the BR Festivals LLC – the company that produced the show – filed for Chapter 11 protection […]

Author: Joel R. Glucksman

February 13, 2014

Chrysler Completes Final Step of Bankruptcy

During the recent recession, the demand for automobiles diminished significantly. Coupled with the “legacy” costs that Detroit’s automakers carried, particularly those concerning their accrued but unfunded pension and healthcare obligations to retired employees, the American auto industry nearly tanked, leading both General Motors and Chrysler to file for protection under Chapter 11 of the bankruptcy […]

Author: Joel R. Glucksman

February 12, 2014

Chapter 11

City Pension Funds Continue to Cause Stir in Detroit Bankruptcy

Last July, the city of Detroit filed for protection under federal bankruptcy law, as it had an estimated $18 billion to $20 billion in debt – making it the largest municipal filing in the history of the U.S. It hasn’t been easy going for Detroit, and its bankruptcy case has met numerous headwinds – many of […]

Author: Joel R. Glucksman

February 7, 2014

Detroit

Michigan government pledges funds to save Detroit pensions

When Detroit filed for protection under U.S. bankruptcy law, there were many negative reactions, one of the biggest being the opposition from the city’s pension funds. They argued that the approval of Detroit’s suggested plan of reorganization would put the funds in financial jeopardy and result in the slashing of benefits for their members. Michigan Gov. […]

Author: Joel R. Glucksman

February 6, 2014

Detroit

Virginia Newspaper Files For Bankruptcy

Newspapers have been the kings of information distribution for hundreds of years, but now that “ink and paper” media are being forced by the information revolution to transition to online publishing, many are struggling to remain above water. One of the most recent newspapers that hit hard times is the Free Lance-Star Publishing Co., which […]

Author: Joel R. Glucksman

February 4, 2014

Bike Sharing Company Files for Bankruptcy

It is hard to get around in many metropolitan areas, and many cities across the country have therefore implemented bike-sharing programs in recent years. However, proving the adage that “what goes around comes around,” the company that provides the major number of those bikes recently files for bankruptcy protection under Canadian bankruptcy law. Public Bike System […]

Author: Joel R. Glucksman

January 31, 2014

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