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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Detroit bankruptcy costs reached almost $36 million in 2013

Detroit has bid to get out of billions of dollars in debt by filing for protection under Chapter 9 of the bankruptcy law. However, in doing so, the city is racking up a large, new bill in the short term. The total fees and expenses to be paid to law firms and consultants engaged in the […]

Author: Joel R. Glucksman

May 27, 2014

Sen. Warren Invokes for bankruptcy protection for student borrowers

During a speech at Suffolk University Law School recently, U.S. Sen. Elizabeth Warren called for an end to government profits on student loan debt, enhanced bankruptcy protections for student borrowers, and penalties for schools whose students default on their loans in large numbers, according to the Boston Globe. Warren’s long-standing position on student loans – in particular, her past […]

Author: Joel R. Glucksman

May 23, 2014

Student Debt

GM returns to bankruptcy court over recalls

General Motors Co. is returning to the same Manhattan bankruptcy court that granted it protection under Chapter 11 of the bankruptcy law in 2009 to face owners of recalled cars, according to Bloomberg Businessweek. The company faces 59 lawsuits by car owners, who are demanding a combined total of as much as $10 billion in […]

Author: Joel R. Glucksman

May 22, 2014

ClearEdge may file for protection

Fuel-cell manufacturer ClearEdge Power may file for protection under the bankruptcy law, South Windsor Town Manager Matthew B. Galligan told Hartford Business. The company called Galligan the afternoon of April 24, telling him that backers were looking to exit the fuel-cell business, either through a bankruptcy or sale. Fuel-cells are not used in many real-world applications as of yet, […]

Author: Joel R. Glucksman

May 20, 2014

GSE Environmental files for bankruptcy after posting losses

GSE Environmental Inc. and its affiliates filed for protection under Chapter 11 of the bankruptcy law May 4, according to Reuters. GSE makes spill containment products, including geosynthetic lining, for the waste management, water and mining sectors. In a court filing, the company listed assets of between $100 million and $500 million, and liabilities within the […]

Author: Joel R. Glucksman

May 16, 2014

Chapter 11

Mt. Gox creditors ask judge to approve settlement

The U.S. creditors of the now-defunct Mt. Gox bitcoin exchange have asked a U.S. judge to approve a proposed settlement that would revive the company, according to Bloomberg. The settlement would still have to be approved by the Japanesebankruptcy court overseeing the company’s liquidation, but would return some money to depositors and resolve claims against […]

Author: Joel R. Glucksman

May 15, 2014

Mt. Gox

ConnectEDU files for bankruptcy after Gates Foundation grant

Citing an inability to repay its over 200 creditors, college and career planning startup ConnectEDU filed for protection under Chapter 11 of the bankruptcy law on April 28, according to Inside Higher Ed. The company offers planning and tracking tools to aid students looking for colleges and post-college jobs that match their interests and abilities. […]

Author: Joel R. Glucksman

May 13, 2014

Chapter 11

Silent victims in the Detroit bankruptcy filing

As the city of Detroit nears a final decision in its bankruptcy case, its pension boards and retirees’ group have reached a tentative agreement that may help the city to get out of Chapter 9 by the end of the year, according to The New York Times. By emergency manager Kevyn Orr’s estimation, the city […]

Author: Joel R. Glucksman

May 9, 2014

Carol's Daughter Files For Bankruptcy

CD Stores LLC, formerly known as Carol’s Daughter Stores LLC, filed for protection under Chapter 11 of the bankruptcy law April 24, according to The Wall Street Journal. The company was joined in filing by the individual companies behind Carol’s Daughter stores. Founded by Lisa Price in 1993, the chain produces skincare, body and hair […]

Author: Joel R. Glucksman

May 8, 2014

Chapter 11

Judge Rhodes taps experts to help in Detroit bankruptcy

As Detroit is hoping to approach the end of its sojourn in bankruptcy under Chapter 9 of the bankruptcy law, the judge overseeing the city’s filing has asked experts to advise him on the feasibility of its plan. Judge Steven Rhodes tapped Marti Kopacz of Phoenix Management Services as the court’s expert witness, and former […]

Author: Joel R. Glucksman

May 6, 2014

Judge questions Archdiocesan bankruptcy plan

U.S. Bankruptcy Judge Susan V. Kelley has agreed to move forward with the bankruptcy reorganization process for the Archdiocese of Milwaukee, which would put the Church closer to exiting bankruptcy proceedings, according to The Milwaukee-Wisconsin Journal Sentinel. The church filed for protection under Chapter 11 of the bankruptcy law three years ago in response to sexual […]

Author: Joel R. Glucksman

May 2, 2014

TelexFREE files for bankruptcy

TelexFREE LLC, an international telecommunications and multi-level marketing company headquartered in Marlborough, Mass., filed for protection under Chapter 11 of the bankruptcy law on April 14, according to Wicked Local Winchester. The company recently had its operations shut down in Brazil, and is under investigation by the Massachusetts Secretary of State William Galvin. Brazilian authorities have […]

Author: Joel R. Glucksman

May 1, 2014

Chapter 11

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