Dorian Goes Bust, May Liquidate

Dorian Recordings, one of the last record labels truly devoted to classical music, filed for Chapter 11 bankruptcy this month, and things may be even worse than that bit of news would make it seem. “Typically, companies that file under the code plan to negotiate a settlement with their creditors, and continue to operate. But language in court documents suggests the classical recording label might be planning a liquidation, a move seen more frequently under a Chapter 7 filing.”