Roxodus Parent Company Declares Bankruptcy

MF Live Owes Over $18 Million

MF Live has filed for bankruptcy.

The company behind the now-defunct rock concert Roxodus owes over $18 million to over 180 groups. According to documents filed July 12th, MF Live only has about $154,000 in the bank.

The bulk of the funds owed, at $11m, are to Taurus Site Services out of Alberta, a company part owned by one of the cofounders of MF Live. Ticket vendor Eventbrite is owed $5 million.

Related: Roxodus Ticket Holders Being Refunded By Eventbrite

MF Live’s trustee, Grant Thornton, indicates while the concert was cancelled over insufficient ticket sales and poor weather conditions, further information may be available following a meeting later this month.

Related: NVCA Confirms Investigation in to Roxodus Site Work

The first meeting of creditors to MF Live is to be held July 30th, at the Grant Thornton offices in Toronto. A report following that is expected to bring more information to light.