In an unexpected move, NeueHouse , the members club and co-working space that catered to creatives in Los Angeles and New York, and partnered with some of the biggest names in Hollywood on events and programming, is shutting down and filing for bankruptcy.

The company informed members about the decision Wednesday evening, with its final day of operations set for Friday, Sept. 5. It added that the company would be filing for Chapter 7 bankruptcy, which typically involves liquidating assets.

“Although NeueHouse has created an extremely valuable business that is prized by members and event hosts, unfortunately, it has been burdened by legacy liabilities,” the company told members. “While this is certainly not the outcome we envisioned for our business, we believe it is the most responsibl

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