Subscribe to our mailing list

X

Symphony Files Chapter 7 Bankruptcy for Creditor Protection

By on July 24, 2012
Symphony Files Chapter 7 Bankruptcy for Creditor Protection

The Napa Valley Register is reporting the Napa Valley Symphony Association has recently filed for chapter 7 bankruptcy protection. The quote by the president of the board certainly sounds similar to that felt by many people facing equally dark times.

“It’s not something we did lightly,” said Michael Enfield, president of the board of the association. “But sometimes when you’re on a path that doesn’t lead anywhere, it’s time to break a new path, even if it also breaks your heart to do it.”

The story of the journey to bankruptcy for the symphony also reads like a traditional family in which one member is facing tough times.

The Napa Valley Symphony Endowment is a separate legal entity but has helped the symphony to make ends meet in the past.

“In the last three years, we’ve given them $400,000. They would come to us and say, ‘If you could just help us out.’ We’d say ‘OK, but this is the last time,’” Hafleigh said.

“In January they came to us and said, ‘We haven’t paid the musicians since October.’ We felt that as a community we’d all enjoyed the music and we made sure that they were paid. But we also said ‘This isn’t working.’

“We tried to help them get through some difficulties with the thought that once the musicians’ salaries were current and past-due payables were cleared up, they could move forward and meet their budget,” Hafleigh continued.

You can read the rest of this story on the Nappa Valley Register, here.


READ  Those That File Bankruptcy Do Better Than Those That Don't

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  1. Bankruptcy Melbourne

    October 2, 2013 at 5:52 am

    Correct, bankruptcy should be the last available option.

Share a Comment / Leave a Reply

%d bloggers like this: