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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Fitch Warns Coal Sector May Experience Higher Incidence of Bankruptcy

A grim warning from credit rating agency Fitch Ratings estimates that a number of coal mining businesses may be in danger of falling into bankruptcy. Fitch reported that a persistently weak and volatile economy has been a large contributing factor to falling coal sales. Coupled with this is increased competition with less expensive natural gas resources […]

Author: Joel R. Glucksman

March 1, 2013

Beechcraft Emerges From Chapter 11 Bankruptcy

Aircraft maker Beechcraft, formerly known as Hawker Beechcraft, has officially emerged from Chapter 11 bankruptcy and is prepared to focus solely on its military sector and turboprop and piston aircraft. The Kansas-based company is already competing for a $354 million government contract to build aircraft for use in Afghanistan, the value of which could exceed $1 […]

Author: Joel R. Glucksman

February 28, 2013

Chapter 11

Hostess Begins First Round Of Bankruptcy Auctions

Hostess Brands will soon begin the process of auctioning off its most iconic labels in an effort to emerge from protection under bankruptcy law. The process will begin in the last week of February, during which the company will auction off several of its brands, including Wonder Bread, Dow Jones Newswires reports. One bidder – Flowers […]

Author: Joel R. Glucksman

February 26, 2013

Reader's Digest Seeks Chapter 11 Bankruptcy Protection

Reader’s Digest, a long-time staple in most American homes, is seeking Chapter 11 protection under bankruptcy law to unload hundreds of millions of dollars in debt. RDA Holding, parent company of the Reader’s Digest Association, sought court protection in White Plains, New York, while it attempts to implement a restructuring plan with creditors. The proposed […]

Author: Joel R. Glucksman

February 21, 2013

Bankrupt American Airlines Merges with US Airways

American Airlines and US Airways have announced an $11 billion merger that will create the largest airline carrier in the world. The announcement comes after months of rocky deals, labor disputes, and pension agreements brought on by American Airlines’ bankruptcy. Discussions of a merger have been in place since the company filed for protection under […]

Author: Joel R. Glucksman

February 19, 2013

American Airlines

Bankruptcy Judge Approves Hawker Beechcraft Chapter 11 Reorganization Plan

Kansas-based aircraft manufacturer Hawker Beechcraft will be permitted to move forward with its Chapter 11 reorganization plan, a U.S. Bankruptcy Court has said. After reviewing the company’s Chapter 11 Joint Plan of Reorganization and hearing no major complaints from creditors, Judge Stuart Bernstein said that he saw no issues with the plan, which would allow […]

Author: Joel R. Glucksman

February 15, 2013

Eurofresh Farms Seeks Chapter 11 Bankruptcy Protection for a Second Time

North American-based tomato-producer Eurofresh Farms has sought Chapter 11 bankruptcy protection in an Arizona courtroom. The filing marks the second time in four years that Eurofresh has sought protection under bankruptcy law. The company announced its plan to sell assets to its major rival, NatureSweet Ltd., which has offered to purchase the majority of the company’s assets […]

Author: Joel R. Glucksman

February 14, 2013

School Supply Distributor Seeks Chapter 11 Bankruptcy Protection

School Specialty Inc., a distributor of educational supplies to grade schools, has filed for Chapter 11 protection under bankruptcy law. The Wisconsin-based company sought protection in U.S. Bankruptcy Court in Delaware, and listed $494.5 million in assets and $394.5 million in liabilities. Following the bankruptcy filing, and an announcement that the assets would be auctioned […]

Author: Joel R. Glucksman

February 12, 2013

Court Denies Creditors' Document Request in Alabama Bankruptcy Case

In the ongoing bankruptcy case of Jefferson County Alabama, Wall Street creditors who petitioned the court for access to county documents relating to city sewer-system rates will not be permitted to view the records, a bankruptcy court has ruled. U.S. Bankruptcy Judge Thomas Bennett denied a request by creditors to examine the documents used by […]

Author: Joel R. Glucksman

February 8, 2013

Chapter 9

Tribune Co. to Drop Certain Clawback Lawsuits Against Executives

Clawback Lawsuits to be Dropped, but NOT for all Executives The Tribune Co., owner of several notable newspapers and television stations, announced that it plans to drop some lawsuits against the executives that it asserts contributed to its bankruptcy. Following upon its recent emergence from bankruptcy protection, the company said it plans to drop the […]

Author: Joel R. Glucksman

February 7, 2013

Lawsuit

Handy Hardware Files for Chapter 11 Bankruptcy Protection

Handy Hardware Wholesale, Inc., a dealer-owned hardware wholesale group operating in 14 states filed for Chapter 11 protection under bankruptcy law after a costly expansion straddled it with debt. Handy filed for protection from its creditors in U.S. Bankruptcy Court in Wilmington, Delaware. The wholesale group has roughly 1,000 members, who wholly own the company, […]

Author: Joel R. Glucksman

February 5, 2013

Grant Family Farms Seeks Chapter 7 Bankruptcy Protection

A Colorado community has been surprised after its first organic, community-supported agricultural farm was forced to file for Chapter 7 bankruptcy protection under federal bankruptcy law. Wellington, Colorado-based Grant Family Farms petitioned for Chapter 7 bankruptcy protection after operating in the community for 61 years. In a Chapter 7 bankruptcy, a trustee is appointed by […]

Author: Joel R. Glucksman

February 1, 2013

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