Defunct Washington Chamber Orchestra Sends Settlement Checks to Former Subscribers

Classic Arts News   Defunct Washington Chamber Orchestra Sends Settlement Checks to Former Subscribers
 
More than two years after the Washington Chamber Orchestra declared bankruptcy, a law firm representing the ensemble has distributed its remaining assets to creditors, including patrons who bought subscriptions for the 2002-03 season.

According to the Washington Post, a letter accompanying the payments explained that the WCS had just $10,000 in cash to pay more than $300,000 in claims from creditors. The firm of Burt, Manner and Miller distributed the assets at a rate of 3.597 cents on the dollar.

For example, one concertgoer who had paid $500 for two subscriptions received a check for $19.07.

The WCS, originally called the Handel Festival Orchestra, was founded in 1976. Conductor Stephen Simon and his wife, Bonnie Ward Simon, used their own money to support it for much of its history. It disbanded abruptly in July 2002.

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