Salem Chamber Orchestra to file for bankruptcy
The Salem Chamber Orchestra is filing for Chapter 7 bankruptcy.
Last week, the orchestra’s board of directors canceled the remaining concerts of the 2015-2016 season, because of a budget shortfall. Since then, board president Rebecca Kueny, said the board sought legal counsel and explored many options.
“We realized we weren’t going to get the funding we needed in such a short period of time,” Kueny said. “It’s a huge loss for Salem.”
Kueny anticipates the 31-year-old organization will file for bankruptcy by Friday. She estimates the process will take around three months to complete, after which the organization and board will be dissolved.
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