Source: The Business Journals: Philadelphia

Please Touch Museum: Please Touch Museum close to exiting bankruptcy

Th city's iconic children's museum has raised nearly all the funds needed to exit bankruptcy and stands only thousands of dollars away from stepping out from under the thumb of its bondholders. The Please Touch Museum declared Chapter 11 bankruptcy last fall to settle $60 million in debt owed. The museum and the bondholders reached an agreement for a much lower payoff - and the museum is reportedly only a few thousands of dollars away from the $5.75 million needed to leave bankruptcy. According...

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Patricia Wellenbach's photo - President & CEO of Please Touch Museum

President & CEO

Patricia Wellenbach

CEO Approval Rating

70/100

Please Touch Museum enriches the lives of children by creating learning opportunities through play. Read more