The Louisville Orchestra, which was expected to file for Chapter 11 bankruptcy yesterday, instead delayed its decision until today, in what may be a last-ditch effort to reach an agreement with the orchestra’s musicians to avert a shutdown. “The orchestra is out of cash and owes two banks $1.3 million in past-due loans, plus a pair of unmet payrolls to its musicians, conductors and administrative staff.” Negotiations between musicians and management broke down last weekend, with management insisting that drastic salary cuts were needed, and musicians livid over what they said was a last-second moving of management’s goalposts.