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Philadelphia Orchestra Board Approves Chapter 11 Bankruptcy Filing

PHILADELPHIA — The world-renowned Philadelphia Orchestra, long considered one of the best in the nation, will be filing for Chapter 11 bankruptcy protection – an apparent first in recent history for a major U.S. orchestra.Board chairm…

PHILADELPHIA — The world-renowned Philadelphia Orchestra, long considered one of the best in the nation, will be filing for Chapter 11 bankruptcy protection – an apparent first in recent history for a major U.S. orchestra.

Board chairman Richard Worley said members made a nearly unanimous vote Saturday to file for reorganization in a federal bankruptcy court in Philadelphia after a “long meeting, thoughtful meeting, emotional meeting.”

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