notjustyet: I would think that if they took the cash and deposited it into a account that the courts had control over, then this hold on selling property would be lifted.
That would make sense if they have enough cash on hand to fund that account and pay their regular day to day expenses. My impression is that they have plenty of real estate and other physical assets, but not much extra cash in the bank. Their austerity moves suggest this is the case: closing some branches, selling off expensive Brooklyn real estate and moving to a less expensive part of the state, etc. Those are signs of limited cash flow. (In other words, you pay the electric bill with dollars, not real estate holdings).