Louisville Orchestra Not Alone In Chapter 11 Filing

Bankruptcy isn’t a new idea to the Louisville Orchestra—its leaders nearly declared it in 2006. And they wouldn’t have been alone. In recent years, ensembles in San Jose, San Antonio and Honolulu have all gone through bankruptcy proceedings.

Birman, Musicians Discuss Orchestra’s Chapter 11 Filing

The organization is about 500 thousand dollars in debt and will not be able to meet its payroll for musicians beyond December 15th. Further, orchestra CEO Rob Birman says the ensemble must emerge from bankruptcy with a 5.75 million dollar annual budget. Its current budget is 6.9 million dollars.

Chrysler Shutdown List Includes KY, IN Franchises

From WFPL’s Kristin Espeland Chrysler announced Thursday that it wants to close hundreds of U.S. dealerships as part of its bankruptcy plans. The troubled automaker announced plans to close nearly 800 of its Chrysler, Dodge, and Jeep dealerships across the country. Close to 20 dealerships in Kentucky and Indiana could be affected, including several in […]

Bankruptcies Could Affect Gift Card Values

Many people have likely received gifts cards as holiday presents this week, but consumer advocates caution that with the current economic climate, it’s possible such cards could lose their value if the company that issues them goes bankrupt. Charlie Mattingly with the Better Business Bureau office in Louisville says it all depends on the type […]

Kentucky, Indiana Among States With Highest Bankruptcy Rates

A report released this week shows Kentucky and Indiana are among the states with the highest rates of bankruptcy filings per number of people. Indiana ranks fifth, and Kentucky is close behind in seventh. Kentucky sees an average of about five bankruptcy filings per one-thousand residents. Kentucky State Data Center Director Ron Crouch says the […]