Creditors want full appraisal of Detroit Institute of Arts

9:00 am
Wed November 27, 2013

Creditors want full appraisal of Detroit Institute of Arts

Lead in text: 
Ruling is due next week on whether Detroit is eligible for Chapter 9 bankruptcy protection
A group of creditors pushed Tuesday for an independent evaluation of the Detroit Institute of Arts collection. Several creditors asked U.S. Bankruptcy Judge Steven Rhodes to order the city to cooperate with an assessment of the DIAs collection. It is the strongest push by creditors, some of whom want art liquidated to satisfy debts and other obligations.