Please Touch Museum emerges from bankruptcy

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Good news for the Please Touch Museum! (WPVI)

There is good financial news for the Please Touch Museum of Philadelphia.

The beloved children's museum has emerged from bankruptcy after working out a plan with a federal judge.

The museum had been $60 million in debt because of renovations to its Fairmount Park location.

But a judge reduced that to $11 million and forgave the rest of the debt.

The new CEO calls it a great burden lifted.

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