Latest News 2012 August Philadelphia Orchestra Exits Bankruptcy

Philadelphia Orchestra Exits Bankruptcy

The Philadelphia Orchestra Association is reportedly now out of bankruptcy. According to reports, a judge has approved the business’ reorganization plan. The business originally filed for Chapter 11 bankruptcy in April 2011 which had it becoming the first major U.S. orchestra to declare bankruptcy. The orchestra allegedly had debts listed around $10 million when the filing was done.

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Categories: Chapter 11 Bankruptcy