The invention relates to a method and apparatus for providing an improved lacing system having a clasp with an anchoring end and a lace end, where the lace end is adapted to hold a lace. An anchoring end is also included having a first part and a second part where the first and second parts are movable away from and toward one another. The closing mechanism also has a receiver with a first receptacle and a second receptacle for engaging the first and second parts, respectively, and wherein the clasp is removably joinable to the receiver when the first and second parts are engaged with the first and second receptacles and, when the first and second parts are disengaged with the first and second receptacles, the clasp is separable from the receiver.