The Please Touch Museum, which borrowed more money than it could pay back to renovate a new home in Fairmount Park's (Pa.) Memorial Hall, has filed for bankruptcy, the Philadelphia Inquirer reported on Saturday. The children's museum filed for chapter 11 protection on Friday to shed the majority of the $60 million it owes holders of its debt, and to negotiate a deal whereby the museum turns over maintenance and repairs of Memorial Hall to the city, which owns it. The first court hearing on the matter is expected next week, and the museum remains open.
