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UArts has filed for Chapter 7 bankruptcy to liquidate its assets

The move comes after Temple University announced its merger talks with the 150-year-old arts institution had ended without a resolution.

Students are shown outside Hamilton Hall at the University of the Arts in this June 7 file photo. The university, now closed, has filed for bankruptcy.
Students are shown outside Hamilton Hall at the University of the Arts in this June 7 file photo. The university, now closed, has filed for bankruptcy.Read moreElizabeth Robertson / Staff Photographer