Listening to the WDET news report on the group that is working to get the DIA removed from the Detroit bankruptcy got me wondering...


...isn't it illegal to attempt to remove tangible assets from an on-going bankruptcy proceeding? In any other case, there would be people crying out against the injustice of the rich buying out their favorites.


But seriously, Bankruptcyguy or any of the professors and lawyers...how legal is it to hide or otherwise make unavailable ANY asset in a bankruptcy, once it has been filed?!