RE:What a farceIt's complicated. Get over it.
Main reason it's complicated is that the US has a quality legal system that at least tries to be fair to all parties.
If this (or something comparable) were all happening in Venezuela then, yes, it would be simple. Maduro would simply declare the asset expropriated and then probably turn the running of it over to one of his cronies who would then run it into the ground until it was worthless. If you like simple then, yes, that would be simple.
There's no incompetence here. It is not a farce.