Peter R. Scribner, Esq. ATTORNEY AT LAW
Helping Clients In Rochester Move Forward From Financial Difficulties
Call Today 585-800-9616
Areas & Topics

Syracuse Symphony to File Chapter 7

The Syracuse Symphony Orchestra (SSO) voted early this week to shut down and file a chapter 7 bankruptcy, according to the Syracuse Post-Standard (article April 5, author Melinda Johnson.) The company terminated its season - its 50th anniversary season - early, with twenty concerts remaining. The Rochester Philharmonic Orchestra announced that it will honor SSO tickets at selected concerts this Spring.

SSO has $5.5 million in liabilities, including a $2.5 million unfunded pension liability for its musicians.  After SSO files Chapter 7, the Pension Benefit Guaranty Corp. will take over the pension liability, according to the Post-Standard.

No Comments

Leave a comment
Comment Information

Contact

Peter R. Scribner, Esq.
1110 Park Avenue
Rochester, New York 14610

Phone: 585-800-9616
Fax: 585-256-6462
Rochester Law Office Map

Review Us