NEW YORK (AP) – The Chelsea Art Museum is shutting down for the rest of August to avoid foreclosure.
The company that owns the West 22nd Street museum filed for Chapter 11 bankruptcy protection earlier this month in an effort to avoid foreclosure.
A lawyer for museum president, Dorothea Keeser, told the Wall Street Journal that the museum is in discussions with various financial parties to restructure it finances.
The Chelsea Art Museum features 20th and 21st century art, particularly works by artists who are less exposed in the United States than in their home countries.
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