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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 For years, the organization has been bleeding money. It lost $1.5 millioj on total revenue of $3.1 according to its 2007 tax returns, the most recent returmn found. A meeting of creditors is set for4 p.m. on Aug. 13, at the bankruptcy court courthouse in West Palm The Palm Beach Daily News reported the ballet cancelex the remainder of its seasoin March, after a claim by Wort h Realty that it was owed a $185,00 commission after a plan to sell the company's building to the city of West Palm Beac for $2.5 million fell Ballet Florida is suing Worth Realty.
The dance compan has long struggled under the weight of dwindlinf profits and struggles tomaintain leadership. It went through 10 executive directors in asmany years. Artistic director Mariwe Hale, who founded Ballet Florida in is forming a new dance school and is collectin g names of potential students on itsWeb www.anewerabeginsnow.com.
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