Well, this is a bit of a surprise; but then again, maybe not so much. Less than a month after the death of its former owner, it’s been announced that live music and dance club Don Hill’s is officially bankrupt and will be closing, effective immediately. Current owners Nur Khan and Paul Sevigny were apparently overextended in the wallet area from running other restaurant and nightclub ventures here and in Los Angeles and couldn’t seem to get the rent check in the mail on time. You know how it is when you’re a wealthy, jet-setting hipster. Still, I’m not sure why club owners don’t seem to grok that this kind of thing happens when you don’t pay your rent. Sure, Don Hill’s was a legendary dive where everybody went do drugs and party with rock stars (I know I had many good times there), but who really gives a shit? Nostalgia goes right into the toilet when the landlord has bills to pay. The same exact thing happened when the late Hilly Kristal let the rent on CBGB lapse for a year and then had the nads to feed the public outrage over the place being shut down. It’s worth noting that the new tenant in the former CBGB’s space at Bowery and Bleecker, hot shot menswear designer John Varvatos, is also a hardcore rocker who turned his new boutique into a shrine to its former inhabitant, preserving many of the original walls and fixtures and selling vintage stereo equipment, vinyl LPS and coffee table books by Mick Rock. On the flipside, Nur Khan told Page Six that the building will be turned over to developers, noting that the property offered a “moneymaking opportunity unconcerned with preserving Don’s legacy.” Clearly, real estate owners aren’t very sentimental in New York City.