The Museum of American Jewish History, d/b/a National Museum of American Jewish History, filed Chapter 11 in the Eastern District of Pennsylvania on March 1, 2020, listing $10 million to $50 million of assets, $10 million to $50 million of liabilities, and 200 to 999 creditors source filing. The nonprofit museum operates on Philadelphia's Independence Mall, is a Smithsonian Affiliate, and holds more than 30,000 objects; CFO Paul Waimberg said ticket and membership revenue covered only about 20% of the operating budget while the museum carried $30.75 million of 2015 bond debt, including roughly $16.3 million of Series 2015A debt and $13.75 million of Series 2015B debt source filing.

The court confirmed the debtor's Fourth Amended Chapter 11 Plan on September 2, 2021, after voting classes 3A, 3B, and 5 accepted the plan source filing. The confirmed structure sells the museum's real property to PHL Masada LLC or its assignee, gives the reorganized museum a below-market leaseback and repurchase call option, and pays the Series 2015A holder $10.1 million plus a $360,000 promissory note, with $100,000 for Series 2015B bondholders and $250,000 for general unsecured claims source filing. For restructuring professionals, the confirmation order is the case-defining turn: bondholder debt is compromised through a real-estate monetization while preserving the museum as an operating cultural institution.