biography

Charles L. Glerum Charles L. Glerum

Education

  • University of Michigan Law School, JD, 1980
  • Brown University, AB, 1975

Admissions

  • Massachusetts

Practice Areas

by any measure

Charles L. Glerum

Of Counsel

617-248-5021

“A great diplomat who has seen and done it all in the bankruptcy arena . . . Much admired for his deal making ability, he is a skilled negotiator . . .”
Chambers USA

Charley Glerum is listed in Best Lawyers in America, Massachusetts Super Lawyers and as a Senior Statesman in Chambers USA.

Practice Focus

Creditor Representation:  represents secured creditors, subordinated creditors and unsecured creditors in all phases of workouts, from the response to the first defaults under loan agreements to the negotiation of workout and forbearance agreements through litigation and bankruptcy.  

Transactions with Insolvency Issues:  extensive experience in all aspects of complicated debt restructurings, workouts, debt acquisitions and asset recovery transactions, as well as the purchase and sale of assets in insolvency situations.

Representative Engagements

  • Representation of series of creditors committees in both Delaware and Massachusetts,  including the creditors’ committees of MCMS, Olympus Healthcare, Winthrop Hospital, ACT Manufacturing, Carlson Implementation Associates, Inc., Bay State Lobster Company and Boston Publishing Company.
  • Representation of senior secured lenders in connection with bankruptcy of multi-state cable company with five levels of institutional debt aggregating over $250 million, in connection with which clients recovered their principal, accrued interest and default interest and expenses in full in cash upon confirmation of plan of reorganization. 
  • Representation of various parties in healthcare insolvencies, including serving as debtor's counsel in first hospital Chapter 11 in Massachusetts and as court appointed Bankruptcy Trustee of 19 separate healthcare corporations.
  • Representation of several secured investors and institutional investors in Chapter 11 cases throughout US.
  • Serving as court appointed Examiner, in one case to investigate allegations of fraud and in second case to supervise the sales process of a bio-tech start-up, which resulted in confirmation of Plan of Reorganization guarantying a 35% recovery for unsecured creditors. 
  • Representation of the Chapter 11 Trustee of series of Chapter 11 debtors with annual revenues of $400 Million.

Professional and Community Involvement

Mr. Glerum is a member of the American Bar Association, Massachusetts Bar Association, Boston Bar Association, Turnaround Management Association, American Bankruptcy Institute, and American College of Investment Counsel.