The 60-year-old orchestra had about $140,000 in debt, and had canceled the final concert of the 2004-05 season because of a lack of funds. Among its creditors are subscribers who have not yet received refunds for the cancellation.
According to the Post, the orchestra's annual income has dropped by more than $100,000 in recent years, as donations and corporate grants fell. It had an annual budget of $300,000 to $400,000.
Ninety-three-year-old Mary Hewitt, who attended the orchestra's first concert in the 1940s, was the only board member to vote against filing for bankruptcy. She told the Post that she would attempt to revive the organization.