Pennsylvania Academy of Music - Bankruptcy

Bankruptcy

On May 27, 2010, PAM filed Chapter 11 Bankruptcy. Under new administration, the Bankruptcy Court supported the re-opening the school on September 1, 2010 at Liberty Place. PAM continued to work with the Court as they tried to transition out of bankruptcy and make progress toward operating as a sustainable institution. On Wednesday, March 30, 2011, PAM chairman Dr. Thomas Godfrey announced the board of directors' decision to close the academy.

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