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Judge OKs Detroit bankruptcy filing but questions selling DIA art
Judge OKs Detroit bankruptcy filing but questions selling DIA art

The bad news for the Detroit Institute of Arts today is that a bankruptcy judge has authorized the city that owns the museum to declare bankruptcy, giving its creditors a legal forum for insisting that the most valuable masterpieces from the DIA's admired collection be sold to help pay the city's debts. The good news is that, in clearing the way Tuesday for a Chapter 9 bankruptcy filing, the judge made a point of questioning whether it makes any sense to sell the art. Noting the proposal that the DIA's walls be stripped of their most admired paintings to help pay off $18 billion in municipal debt, U.S. Bankruptcy Judge Steven Rhodes suggested that the point of a bankruptcy...

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