Avant Gardner’s bankruptcy filing outlines a plan to borrow up to $45 million to help keep the business running while it goes through bankruptcy, including $20 million to address existing debts. Juergen “Billy” Bildstein, who co-founded Avant Gardner, owns 100% of the company, according to court filings.

Avant Gardner, the company behind the Brooklyn Mirage, has filed for Chapter 11 bankruptcy, after the music venue failed to open.

It’s the end of an era for New Yorkers in the electronic music scene. Avant Gardner, the company behind the Brooklyn Mirage, has filed for Chapter 11 bankruptcy.