After years of financial troubles, a Lower Manhattan dance space has filed for relief under Chapter 11. Dance New Amsterdam has filed for bankruptcy protection so that it can enter a five-year plan that will allow it to continue to operate rather than closing its doors. The non-profit company teaches dance and services more than 30,000 students and performers in addition to over 700 dance companies and other performing arts groups.

For additional details on this story read, “Dance New Amsterdam Files for Bankruptcy.”