I just assumed he closed it to try and hide his assets ahead of a divorce.
A former elder in one of my previous halls went off with a sister in the kh.
He was a wealthy man with a thriving business and lots of property.
He claimed though that he lived in one of his own very humble, modest apartments and he did not have much assets/money in the bank to his name at the time of his divorce.
Strangely, just a year or so later he was living a very salubrious property in a well to do area with his business suddenly thriving again.
Last I heard he and his new partner were attending a kh near his new house to try and create a new life for themselves together...