It is a sad 20th birthday for the Musée Maillol in Paris, which shut its doors indefinitely this weekend. The museum has posted a message on its website that says the closure is due to planned renovation work, but there is more to the story. On February 5, the company that manages the museum, Tecniarte, filed for bankruptcy.

According to court filings, with only €11,000 in cash in its coffers, Tecniarte could not possibly cover its €3.3m debt, which is “due immediately.” The list of creditors has not been made public and the foundation that runs the museum has declined to comment since the bankruptcy filing.