Louisville Orchestra Not Alone In Chapter 11 Filing
The Louisville Orchestra will turn 75 next year. But the orchestra's administrators and musicians will be more focused on staving off the ensemble's death than celebrating its birth.The orchestra filed for Chapter 11 bankruptcy protection last week as management seeks to cut 1.15 million dollars in operating costs. That's the difference between the current budget and average yearly revenues. The musicians, however, disagree, and say the orchestra is not actually broke. They're asking the court to throw the Chapter 11 filing out.If the court upholds the filing, the orchestra will tentatively have until early April to draft a plan for reorganizing its finances. But that will require compromises with musicians and the court, and the path to solvency will likely be much longer.