Motions Heard In Orchestra Bankruptcy
A ruling will be made Wednesday in federal court on motions filed in the Louisville Orchestra's bankruptcy.Orchestra management has filed for Chapter 11 protection and is seeking a 4-month break from its five-year contract with musicians in order to reorganize with a smaller number of players and a reduced schedule. If the motion is granted, the orchestra would not be required to pay musicians until April. Musicians have not been paid since the 15th of this month.The musicians are asking the court to reject the orchestra's request. They say the orchestra foundation has the money to pay the musicians.Both sides argue that granting the other sides' motions would damage or possibly destroy the orchestra.A judge will rule on the motions at 1:30. The ruling cannot be appealed and could encourage both sides to negotiate out of court to find a way to keep the orchestra solvent.