Theater News

Pasadena Playhouse Emerges from Chapter 11 Bankruptcy

Pasadena Playhouse has announced that it has emerged from Chapter 11 bankruptcy, after its Plan of Reorganization was approved yesterday by the United States Bankruptcy Court in Los Angeles. As previously reported, the theater voluntarily filed for chapter 11 protection in May.

In a statement, the theater’s Executive Director, Stephen Eich said, “We are deeply grateful for the collective support that has allowed the Playhouse to expeditiously move through this difficult and sometimes painful process. […] Although we will be moving slowly in the future to ensure financial responsibility and stability, we will in fact be back.”

The Playhouse is continuing its fundraising efforts by launching a $1 million matching gift pledge campaign to raise money to equal or exceed the amount they have already received from anonymous donors.

The theater’s future plans, including a Fall 2010 production, will be announced at a later date.