Joel Glucksman – Scarinci Hollenbeck

Judge Rules Hostess Must Maintain Teamsters Union Contract by Joel R. Glucksman on May 18, 2012 A recent court ruling will prohibit Hostess Brands Inc. from terminating its union contract with the Teamsters, a move that…more

Decline in Business Bankruptcies in 2011 Creates Uncertainty for 2012 by Joel R. Glucksman on May 10, 2012 Business bankruptcy filings fell in 2011 from the year before, but industry professionals say filing trends for…more

Credit Bidding Dispute Comes Under Scrutiny by Supreme Court by Joel R. Glucksman Creditor’s rights are a hot topic in the Supreme Court currently, and the ruling in a current case may give secured creditors more rights…more

Bankruptcy Commission Considers Overhauling Chapter 11 by Joel R. Glucksman Businesses facing financial insolvency, but wishing to reorganize, have long sought protection under Chapter 11 bankruptcy law, but industry leaders…more

Alabama Supreme Court Rules Cities, Counties Can Declare Bankruptcy by Joel R. Glucksman Alabama’s state Supreme Court ruled that cities and counties that are not holding bond debt are still protected under bankruptcy…more

Unresolved Hostess Contract Disputes May Hinder Bankruptcy Agreement by Joel R. Glucksman on April 19, 2012 Union workers and Hostess Brands management have failed to reach an agreement in employee contract negotiations,…more

Court Deems LLC Members Insiders for Bankruptcy Preference by Joel R. Glucksman on April 13, 2012 In re Longview Aluminum, LLC, 657 F.3d 507 (7th Cir. 2011), the Seventh Circuit Court of Appeals recently ruled that limited…more

Commercial Property Owners May Be Held Personally Liable For Sour Investments A new ruling in Michigan may give creditors more legal backing to go after the personal assets of commercial real estate landlords whose properties…more

Ending the soap opera that overshadowed last season for the Los Angeles Dodgers, a group of investors, including basketball hall of famer Magic Johnson, won a bankruptcy action for the Los Angeles Dodgers with a bid of $2.15…more

After a long week in the U.S. Bankruptcy Court in Newark, the top bidder to take over the bankrupt Christ Hospital in Jersey City was Hudson Holdco, although the deal still awaits final approval. The firm came out on top in…more

As of December 1, 2011, important new rules have taken effect for the filing of bankruptcy court proofs of claim, particularly where the debtor is an individual, and the creditor is secured in an asset of the debtor. Extreme…more

Today, Scarinci Hollenbeck’s Tuesday YouTube video post is of Partner Mark K. Follender, Chair of the Tax Appeal Group. In this video, Mr. Follender discusses the important question, “Are you Overassessed?” With the April…more

The Critical Importance That The Tax Certificate Sale Process Has To Municipal Finances In our previous post, we noted that the ability of New Jersey municipalities to realize a sufficient financial return on their real…more

The Need For Municipalities To Sell Tax Liens In New Jersey, unpaid real estate taxes are a “continuous lien” on land, N.J.S.A. § 54:5-6. However, it is often not easy for municipalities to realize a sufficient financial…more

In my prior post on this topic, I noted that a “single asset real estate” debtor has but a very limited window in which to hide in bankruptcy before the inevitable unfolds. The Congressional history for this change that added…more