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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.

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