Blackwell v. Lurie (In re Popkin & Stern)

This case arises from the bankruptcy filing of the Popkin & Stern law firm. Ronald Lurie was a general and managing partner of the firm. The bankruptcy trustee obtained a deficiency judgment against Ronald. The Lurie’s assets included a painting, “Apache Renegades,” liquidated for $203,059. Ronald’s wife, Nancy Fendell Lurie, and her two sons, Michael Lurie and Ryan Lurie, contested the valuation of the ownership interests in the proceeds from the painting’s sale. The bankruptcy court concluded Ronald and Nancy jointly owned an 87.4% interest in the painting, and awarded Nancy 43.7% of the…