UPDATE: Federal judge approves Honolulu Symphony liquidation

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Updated: 12/13/2010 5:23 pm

*Click here to read an update on this story.

UPDATE:  A U.S. bankruptcy court judge this morning approved the Honolulu Symphony's request to convert the symphony's chapter 11 reorganization to a chapter 7 liquidation.

This allows the 110-year-old Honolulu Symphony to close down and sell off all its remaining assets.

Stay tuned to KHON2 News at Five and Six for more on this developing story.

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Lawyers for the Honolulu Symphony are set to appear in U.S. Bankruptcy Court Monday.

They're expected to ask a judge to convert the symphony's Chapter 11 reorganization to a Chapter 7 liquidation.

Under a Chapter 7 liquidation, the symphony would be allowed to close down and sell off all of its remaining assets, which would mean the end of the 110-year-old symphony.

The Honolulu Symphony has been operating under Chapter 11 bankruptcy protection for about a year.




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