Lawrence McMichael

(credit:  Ryan Donnell)

Bankruptcy Judge Terminates Philadelphia Orchestra’s Current Pension Plan

A judge gave the Philadelphia Orchestra permission to terminate its single-employer pension plans. The orchestra said it would be, “difficult, if not impossible,” to reorganize the orchestra with the current plan in place.


(Credit: Don Murray/Getty Images)

Bankruptcy Filing Causes Dischord Between Peter Nero, Orchestra

The Philadelphia Orchestra’s financial reorganization could leave the famed conductor playing solo.


Musicians' lawyer Bruce Simon (left) and player's committee chairman and cellist, John Koen (right) (credit: KYW's Steve Tawa))

Philadelphia Orchestra Files For Bankruptcy

The Philadelphia Orchestra has scored another first, but none of its trademark lush notes were sounded. The stage was a courtroom, as it became the first major U.S. orchestra to declare bankruptcy.