LA Dealer Perry Rubenstein Files for Bankruptcy

Two years after he moved from New York to Los Angeles, Perry Rubenstein has filed for bankruptcy, according to the Baer Faxt. Papers were filed in California on March 17th which cite US$1-10 million in liabilities and only US$500,000-1,000,000 in assets currently held by the gallery, according to a subsequent report by Art in America.

Rubenstein filed under Chapter 7, the most common form of bankruptcy in the US. Creditors listed on Business Bankruptcy include lawyers from various jurisdictions in the US, one in Germany, as well as the IRS and California tax authorities.

In 2012, Rubenstein opened a 9,500 square foot gallery in Hollywood, designed by wHY Architecture. The gallery’s website has been taken down. Its Facebook page is, however, still active.