NYC Ballet Appointed To NYC Opera's Creditor Committee

Law360, New York (October 24, 2013, 6:55 PM ET) -- U.S. Trustee Tracy Hope Davis on Wednesday appointed an official unsecured creditors committee to New York City Opera Inc.’s bankruptcy case made up so far of just three members, including New York City Ballet Inc.

The appointment came shortly after the opera said it has $6.7 million in assets and is $3.6 million in debt in an overview of its financial condition filed with the bankruptcy court. The ballet company has submitted a $1.6 million claim against the estate, according to the document.

The other creditors...
To view the full article, register now.