Orchestra to Emerge from Bankruptcy
Posted on Jul 7, 2012 11:35am PDT
The Philadelphia Orchestra will reportedly soon be emerging from bankruptcy protection. According to reports, the orchestra will be able to come out of bankruptcy after about 14.5 months. The orchestra was the first major U.S. orchestra to file for
Chapter 11 bankruptcy. A bankruptcy judge reportedly approved the reorganization plan which will give the orchestra the ability to emerge.
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