Please Touch Museum Reaches Settlement to Resolve Longstanding Debt Issue

Museum will embark on a $10 million fundraising effort to fund the settlement and will remain fully operational as both a world-class children\’s museum and high-quality event space

PHILADELPHIA, Sept. 12, 2015 /PRNewswire-USNewswire/ — After two years of negotiations to restructure roughly $60 million in bond debt, the Please Touch Museum announced today that it has reached a settlement with a majority of its bondholders. The Museum then filed a Chapter 11 case in US Bankruptcy Court in Philadelphia to implement the settlement.