The final report on the bankruptcy of SLEM, the Shoe Leather Education Museum in Waalwijk, Netherlands, has been issued, over two years after it took place. In July 2017, the curtain fell on the SLEM foundation as its ambitions proved too expensive. The municipality decided to distance itself from the training branch of the shoe and leather center and to continue with the museum alone. The board then filed for bankruptcy. In the end, the municipality suffered a financial setback of at least €636,000. After more than 2.5 years, the museum’s curator, Hans Alberts, reports that the foundation is no longer viable because it has received little or no subsidies. “The municipality of Waalwijk and the foundation in particular had different views on the duties and role of the foundation,” he concludes.