Bankruptcy http://wrti.org en The Philadelphia Orchestra Files Plan of Reorganization http://wrti.org/post/philadelphia-orchestra-files-plan-reorganization <p>The Philadelphia Orchestra has filed its plan to emerge from Chapter 11 bankruptcy protection, in which it has agreed to pay $5.49 million to creditors. Just over a year after seeking relief in bankruptcy court, the Orchestra has realigned key financial obligations by moving from a defined benefit to defined contribution retirement plan, renegotiating its lease with the Kimmel Center, and ending its relationship with Peter Nero and the Philly Pops.</p> Fri, 25 May 2012 14:37:34 +0000 Meridee Duddleston & Susan Lewis 3911 at http://wrti.org The Philadelphia Orchestra Files Plan of Reorganization