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Distress in the Defense Industry: Opportunities and Obstacles

The U.S. defense industry is facing a new battle – financial distress. Withdrawal of U.S. forces from Afghanistan and Iraq combined with reductions in the defense budget and sequestration have taken a toll on many U.S....more

Russian Legislation Update - 10 February – 2 March 2014

In This Issue: - Banking - Anti-Money Laundering - Concession Agreements - Public Procurement - Employment/Foreign Citizens - Court Practice: Bankruptcy - Excerpt from Banking - On 25...more

DIA Urges Detroit to Stay Away from Art Collection

DIA Urges Detroit to Stay Away from Art Collection by Joel R. Glucksman on September 6, 2013 Several creditors and pension groups have teamed up to challenge the constitutionality of the Detroit bankruptcy filing....more

Creditors File Objections to Detroit Bankruptcy

Creditors File Objections to Detroit Bankruptcy by Joel R. Glucksman on August 30, 2013 More than 100 objections have been filed by creditors, opposing the eligibility of Detroit to file Chapter 9 municipal bankruptcy...more

Harrisburg Holds ‘Wild West’ Auction to Reduce Debt

Harrisburg Holds ‘Wild West’ Auction to Reduce Debt by Joel R. Glucksman on August 8, 2013 Harrisburg, Pennsylvania, has been struggling for years to unload its heavy municipal debt and repair its broken economy. The...more

Harrisburg, PA files for Bankruptcy

Harrisburg, PA files for Bankruptcy Pennsylvania’s capital city Harrisburg filed for bankruptcy protection on Wednesday October 12, 2011. Municipal bankruptcy filings are not common. These cases are filed under Chapter 9...more

Are bankruptcy filings increasing or decreasing?

Are bankruptcy filings increasing or decreasing? This is a common question I receive. Are more people filing bankruptcy now or has it slowed down? The number of cases filed each month isn’t a secret. The courts...more

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