ROCKFEST BANKRUPTCY LEAVES WEEZER, SUM 41, TOWNS, FEDS UNPAID

Quebec festival owes more than $6M to more than 120 creditors

People walk the streets of Montebello, Que., during last year's Montebello Rockfest. The company behind the now-bankrupt festival owes more than six million dollars to more than 120 creditors. (Kimberley Molina/CBC)

The company behind Montebello Rockfest has revealed the details of who is owed money — a list that includes well-known musical acts and all three levels of government — after they declared bankruptcy in December.

Outaouais Rock, which organized the annual west Quebec music festival, has just $330,000 in assets but owes creditors more than six million dollars.

Court documents reveal over 120 creditors, including bands who played at Rockfest, businesses in North America and Europe, the federal and Quebec governments, and the town of Montebello, Que.

Sum 41 frontman Deryck Whibley performs at a festival in Hungary in 2016. The Canadian rock band is owed more than $170,000 by the company that founded Montebello Rockfest. (Attila Kisbenedek/AFP/Getty Images)

Most of the debt is unsecured and may never be repaid.

LEAVE A REPLY