The city's iconic children's museum has fully emerged from its Chapter 11 bankruptcy, giving it more reasons to celebrate its 40th anniversary this October.
Please Touch Museum declared Chapter 11 bankruptcy last September to settle $60 million in debt owed to bondholders, and it needed to raise about $8.25 million through fundraising before this month, or the point when the reorganization process can be finalized.
The children's museum on Wednesday announced in U.S. Bankruptcy Court that Please Touch raised nearly $8 million of the funds needed of its Foundation for the Future campaign.
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