USA: McGlinchey Stafford Collapse Owes $10M to Lawyers and Banks – What Happens To Cannabis Team? | Cannabis Law Report

McGlinchey has made the decision to close its doors after 51 years of operation. The firm’s final day providing legal services is January 31, 2026.

Across five decades, McGlinchey’s attorneys and legal professionals have focused on solving clients’ legal problems creatively, collaboratively, and effectively. We are immensely proud of the culture we have built, the excellent service we have delivered, and the team we have assembled.

Many of our people have already transitioned to the next step in their career and practice journey. The firm wishes them many years of continued success.

A small team will continue working to wind down operations and close the business. If you have specific questions, please contact the email addresses listed below.

For file transfer and records questions, email recs_mgmt@mcglinchey.com.

For billing questions, email AP-FirmExpense@mcglinchey.com or Accountsreceivable@mcglinchey.com.

For all other inquiries, email inquiries@mcglinchey.com or call (504) 586-1200.

The collapse of McGlinchey Stafford has now moved into federal bankruptcy court, with filings showing the defunct law firm owes more than $10 million to lawyers, banks, and other creditors. The Chapter 7 bankruptcy case, filed in the US Bankruptcy Court for the Eastern District of Louisiana, outlines substantial liabilities tied to the firm’s abrupt shutdown and the financial fallout that followed.

McGlinchey Stafford, a long-established New Orleans-based law firm, officially ceased operations before seeking liquidation under Chapter 7 of the US Bankruptcy Code. Court documents indicate that both the firm’s assets and liabilities are estimated to fall between $10 million and $50 million. The filing lists hundreds of creditors, including former attorneys, financial institutions, vendors, and other business partners.

More Than $10 Million in Outstanding Debt

According to the bankruptcy petition, McGlinchey Stafford’s debts exceed $10 million. The liabilities reportedly include obligations to former lawyers for compensation and partnership-related payments, as well as outstanding amounts owed to banks and service providers.

Read more at 

McGlinchey Stafford Collapse Owes $10M to Lawyers and Banks

Heading up the team was Heidi Urness

She has gone back into private practice and also has a teaching gig in San Francisco.

More info at Linked In

https://www.linkedin.com/in/heidinurness/

Perry Salzhauer served as their Co-chair of the Cannabis Industry Group in Seattle and can now be found here

Chase Stoecker: was a partner at the firm in Fort Lauderdale and had also served as the Membership Vice-Chair of the ABA Cannabis Law and Policy General Committee (2023-24).

He is now at Hinshaw

https://www.linkedin.com/in/chase-stoecker-68a1774/

Zelma Murray Frederick: A Member of the firm for 17 years who was part of the cannabis litigation and regulatory team. is now at