Insolvency Alerts October 2011

Insolvency Alerts October 2011

OCTOBER 31, 2011

Recently Reported Insolvency News from the American Bankruptcy Institute and other sources

Beacon Power Files for BankruptcyBeacon Power Corp., an energy-storage company that received $43 million in backing from the U.S. program that supported failed solar-panel maker Solyndra LLC, and two affiliates filed for bankruptcy in Wilmington, Del., after struggling to raise private financing.

Harrisburg Bankruptcy Opponents File Objections to End CaseAmbac Assurance Corp., the insurer of Harrisburg, Pa.’s general obligation bonds, asked a judge to throw out the city’s bankruptcy, joining the mayor, city unions and state officials in opposing the case.

MF Global Files for Bankruptcy
Jon Corzine’s company MF Global filed for bankruptcy protection for the United States parent company on Monday, the first American financial casualty of the European debt crisis.

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Joel Glucksman is an experienced civil and bankruptcy litigator specializing in the representation of secured lenders and other creditors in complex suits and bankruptcies. His court appearances take him throughout the State and Federal courts in the metropolitan area, focusing in particular on the Bankruptcy Courts for the District of New Jersey and the Southern and Eastern Districts of New York. For more information, please visit Joel Glucksman’s full biography at Scarinci Hollenbeck

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