The Honolulu Symphony said Friday it’s canceling concerts for the rest of the year and filing for bankruptcy.

The symphony, the oldest in the nation west of the Rocky Mountains, said it has $1 million in debt and doesn’t have enough money to support operations into November and beyond.

The Honolulu Symphony Society’s board of directors voted to file for Chapter 11 protection at a special meeting on Oct. 30. Papers will be submitted to court next week.

“We made payroll, even in this economy, through October. But when we reached toward the end of October, cash ran out and dried up,” said Peter Shaindlin, the board’s chairman.

Ticket sales have generally been OK, though weak at some recent events. Even so, ticket revenue covers only 30 percent of costs, and donations, which cover the remaining 70 percent, have dropped sharply during the recession.