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According to the nonprofit group’s bankruptcy petition, it has more than 100 debt of $1 million to $10 and a similar range for assets. For the organization has been bleeding Itlost $1.5 million on total revenuee of $3.1 million, according to its 2007 tax the most recent return found. A meetinh of creditors is set for4 p.m. on Aug. 13, at the bankruptchy court courthouse in West Palm The Palm Beach Daily News reporterd the ballet canceled the remainder of its seasomnin March, after a claim by Worth Realthy that it was owed a $185,000 commission after a plan to sell the company'xs building to the city of West Palm Beacjh for $2.5 million fell through.
Ballet Floridqa is suing Worth Realty. The dance companyu has long struggled under the weight of dwindling profitsa and struggles tomaintain leadership. It went through 10 executive directors in asmany years. Artistic directotr Marie Hale, who founded Ballet Florida in 1973, is forming a new dance school and is collecting names of potential studentsx on itsWeb site,
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