Bankruptcy Blogs

New Jersey Bankruptcy Judge Morris “Mickey” Stern, died Wednesday after battling cancer for more than a year. He was 72.

Judge Stern—called “Mickey” by colleagues—became a judge in 2001 in the U.S. Bankruptcy Court in Newark, N.J., where he presided over the bankruptcy cases for Bayonne Medical Center and for St. Mary’s Hospital in Passaic. He also handled the bankruptcy of Real Housewives star Teresa Giudice in 2010.

This week on The Broke and the beautiful, a couple of celebrity bankruptcy cases are coming to light. Sitcom star Drake Bell has been in bankruptcy since last May, and former “Baywatch” star Donna D’Errico took her own turn in Chapter 7. Also, Betsey Johnson puts her own spin on New York Fashion Week.

Bankruptcy Judge K. Rodney May from the Middle District of Florida held that the equity passively resulting from market appreciation is not to be counted towards the $125,000.00 cap placed by 11 USC 522 (p) on a homestead exemption for property "acquired" during the 1,215 prepetition period.

The team unwinding Lehman Brothers Holdings Inc. has reached a $767 million settlement with Freddie Mac, which will result in Lehman Brothers releasing hundreds of millions of dollars more to customers. Read the Daily Bankruptcy Review article via MoneyBeat.

Receiving Wide Coverage ... Chilly Economy: The major papers celebrated Valentine's Day by focusing on love, the union of Comcast and Time Warner and Mother Nature's frosty gifts for all of us east of Pasadena. That said, after taking it all in, Scan is fretful about the economic picture. It would be nice to say cabin fever has put Scan and consumers in a funk, but retail sales fell more than expected in January after aÂ...