The Please Touch Museum has declared Chapter 11 bankruptcy to settle $60 million in bond debt owed.
The children's museum, which made the announcement Friday, said it will remain open while it attempts to raise $10 million through fundraising before March 2016 – the point when the reorganization process can be finalized, according to a press release
The Please Touch Museum in Philadelphia is in historic Memorial Hall, which was built for the nation's centennial celebration, 1876.
“The past two years have been challenging,” said Lynn McMaster, President and CEO of Please Touch Museum, said in a statement...
Find out more about the bankruptcy on PBJ.com.
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