Art Law Report

Bankruptcy Court Denies Creditors’ Motion to Reappraise Detroit Institute of Arts Collection

Posted by Nicholas O'Donnell on January 22, 2014 at 12:22 PM

As we predicted when it was filed, Judge Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan denied today several creditors’ motion to appoint an independent commission to appraise the collection of the Detroit Institute of Arts (owned by the city of Detroit) as part of the city’s ongoing bankruptcy.

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Topics: Governor Rick Snyder, Judge Rhodes, Christie's, Detroit Institute of Arts, Bankruptcy Code, Michigan, Emergency Manager Kevyn Orr, Detroit Bankruptcy

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