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.