In a plot twist familiar to festival-goers here in BC, another music festival has declared bankruptcy, this time in Ontario.
The Roxodus Music Festival, put on by MF Live Inc., was set for July 11 to 14 and was to feature a star-studded cast of performers, including Aerosmith, Kid Rock, Nickelback, Lynyrd Skynyrd, Alice Cooper, Cheap Trick, Collective Soul, Matthew Good, Peter Frampton, Billy Idol, Theory of a Deadman, and Blondie, among others. Instead, just two days before the start of the four-day festival, MF filed for bankruptcy, listing creditors owed over $18 million.
As with the failed Pemberton Music Festival, which went bankrupt in 2017, a significant creditor group will be ticket-holders, who bought tickets for a concert which did not go ahead. Some ticket-holders may be able to obtain refunds from their credit card company. Others, who bought tickets through Eventbrite, the authorized ticket vendor, may be able to obtain refunds through that site. Based on a BC decision involving Ticketfly, the ticket vendor for the Pemberton Music Festival, Eventbrite may be liable for all credit card refunds as well, as credit card companies may transfer the charges through to Eventbrite.
If you are owed money by a business which has become insolvent, prompt legal advice, from a law firm familiar with this area of law, can be critical to protecting your interests.