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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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

Major Coal Producer, Alpha Natural Resources, Files for Chapter 11

Last week, Alpha Natural Resources, one of the largest U.S. coal producers, announced plans to file for Chapter 11 bankruptcy protection, according to the Wall Street Journal. In court papers, the coal producer announced that it is entering Chapter 11 bankruptcy protection to cut its debt load, currently listed at $7.1 billion. Alpha Natural Resources falls […]

Author: Joel R. Glucksman

September 4, 2015

St. Michael's Medical Center Files Chapter 11

St. Michael’s Medical Center, one of the oldest hospitals in New Jersey, recently announced that it will file for Chapter 11 bankruptcy protection, according to NJ.com. The hospital hopes to sell its assets to Prime Healthcare Services for $49.2 million. Saint Michael’s becomes insolvent and seeks sale In bankruptcy documents, Saint Michael’s officials cited that […]

Author: Joel R. Glucksman

September 2, 2015

WASA Studio Files for Chapter 11 Bankruptcy Protection

On August 10, WASA Studio, one of the oldest architecture and engineering firms in the U.S., announced that it had filed for Chapter 11 bankruptcy protection. The company was granted Chapter 11 protection from creditors and its office landlord due to excessive legal expenses. WASA Studio saddled with legal costs The legendary firm, known for designing the Grand […]

Author: Joel R. Glucksman

August 26, 2015

Columbia House Files for Chapter 11 Bankruptcy Protection

On Monday, August 10, Filmed Entertainment Inc., the owner of former mail-order music giant Columbia House, announced its plans to file for Chapter 11 bankruptcy protection. In its bankruptcy filing, the company is seeking to sell its remaining business assets following 19 years of declining revenue. Columbia House parent company falls into debt According to the […]

Author: Joel R. Glucksman

August 24, 2015

Relativity Media Files for Chapter 11 Bankruptcy

Relativity Media, the third largest mini-major film studio in the world, has just announced that it will file for Chapter 11 bankruptcy. Following the company’s 11 years of operation, CEO Ryan Kavanaugh confirmed that Relativity Media will put itself up for auction. Relativity Media falls into bankruptcy The company reported that it filed Chapter 11 bankruptcy protection a […]

Author: Joel R. Glucksman

August 21, 2015

Trans Coastal Supply Co Files for Bankruptcy

Trans Coastal Supply Co, one of the largest exporters of livestock feed products in the U.S., filed for Chapter 11 bankruptcy protection, according to the Wall Street Journal. The company blamed its $28 million in unsecured debt on losses and broken sales contracts after China rejected corn shipments in 2013. Trans Coastal Supply Co falls […]

Author: Joel R. Glucksman

August 20, 2015

Milagro Oil & Gas Files for Chapter 11 Bankruptcy

Last week, Milagro Oil & Gas, one of the largest U.S. oil producers, filed for chapter 11 bankruptcy protection. The company cited refuge from a collapse of commodity prices and $468 million in debt for its decision to file for Chapter 11. Milagro Oil & Gas restructuring plan According to the Wall Street Journal, as […]

Author: Joel R. Glucksman

August 18, 2015

Former Top Lender, Wingspan Portolfio Advisors, Files Chapter 7 Bankruptcy

Wingspan Portfolio Advisors, formerly an Inc. 500 fastest-growing company, recently announced plans to file for Chapter 7 bankruptcy protection. In the Chapter 7 filing document, the company listed $12.07 million in liabilities and $1.24 million in assets. Wingspan falls into debt Upon opening in 2008, Wingspan experienced a meteoric rise as a high touch special […]

Author: Joel R. Glucksman

August 14, 2015

Major Oil Rig, Signal International, Files for Bankruptcy Due to Labor Trafficking Accusations

Signal International LLC, one of the largest marine and fabrication companies on the Gulf Coast, filed for Chapter 11 bankruptcy protection on Sunday, apparently to deal with a $14 million settlement as part of a lawsuit accusing Signal of labor trafficking. Signal International declares bankruptcy Signal International announced that it had filed for Chapter 11 […]

Author: Joel R. Glucksman

August 12, 2015

Industrial Laundry Giant, Coyne Textile, Seeks Bankruptcy Protection

Last week, Coyne International Enterprises Corp., one of the largest privately-owned industrial laundry companies in the U.S., announced plans to file for Chapter 11 bankruptcy protection. The company, also known as Coyne Textile, is seeking to restructure its balance sheet and complete sales of its three primary operating units. Coyne Textile falls into debt Coyne Textile […]

Author: Joel R. Glucksman

August 10, 2015

Grocery Chain A&P Filed for Bankruptcy. Again.

As one of the oldest grocery store chains in the US, as well as having NJ roots, you may be sad to hear that A&P filed for bankruptcy. The chain recently filed for Chapter 11 bankruptcy protection. According to Wall Street Journal, A&P has planned for a series of sales to competitors after it claimed […]

Author: Joel R. Glucksman

August 4, 2015

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