From LANCASTERONLINE:
The Pennsylvania Academy of Music today filed for bankruptcy reorganization, its interim executive director announced.
Dr. Thomas F. Godfrey said the filing will help PAM resolve a lingering debt of about $100,000…
Godfrey said the bankruptcy process also will help PAM sort out other financial issues, including more than $1 million in unfilled pledges. PAM continues to operate under Chapter 11 of the bankruptcy code…
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