Yes, you read that right, the Pemberton Music Festival held July 13-16 in Pemberton Canada has been canceled and at the current moment, concert goers are not receiving a refund. The festival announced yesterday that they have filed bankruptcy and the festival is officially canceled. The festival released the following statement on their website.
IN THE MATTER OF THE BANKRUPTCY OF PEMBERTON MUSIC FESTIVAL LIMITED PARTNERSHIP AND 1115666 B.C. LTD. (Collectively the “PMF”)
On May 18, 2017, PMF made an assignment into bankruptcy pursuant to Section 49 of the Bankruptcy
and Insolvency Act (the “BIA”). Ernst & Young Inc. (“EYI”) was appointed as the trustee in bankruptcy (the “Trustee”).
As a result of PMF’s assignment in bankruptcy:
The 2017 PEMBERTON MUSIC FESTIVAL IS CANCELLED.
The 2017 Pemberton Music Festival scheduled for July 13 – 16, 2017 is cancelled and will not proceed as scheduled. The Trustee will issue formal notice of the bankruptcy proceeding to all known creditors of PMF within 5 days of its appointment.
Unfortunately there are no automatic refunds from PMF. As PMF is now in bankruptcy, it has no ability to provide refunds for tickets purchased. However ticketholders may file a proof of claim form as an unsecured creditor with EYI in accordance with the claims process. Proof of claim forms will be mailed to known PMF creditors in due course and made available on the Trustee’s website. A determination of recovery, if any, on the claims of ticket holders from the estate will not be known for several weeks. The Trustee will provide an update to creditors in due course.
Refunds may be available to ticketholders from third parties if tickets were purchased using a credit card. As each bank and credit card issuer have their own specific policies, ticketholders are to contact their bank or credit card issuer directly to determine whether a refund can be obtained. The Trustee will provide further details concerning contact information for the various credit cards and financial institutions on its website.
Important information pertaining to the PMF bankruptcy proceeding is available on the Trustee’s website at: www.ey.com/ca/pmf or by calling the EYI representatives noted below:
For General Inquiries: Mr. Jason Oliveri at (604) 891-8493
Now, this is the second time this week something like this has happened. First, a band cancels a tour because they claim they “didn’t know about it” and now these guys are canceling a festival and filing bankruptcy. Seems like someone didn’t look at the books well enough before deciding if it was a good idea to continue with the festival this year. This has left many concert goers feeling shafted and….. well lack of a better word really pissed off. Many have taken to Twitter it vent, while others making jokes at the situation. As of right now, refunds will not be given, however, if you’ve purchased tickets to the festival please follow the instructions above to attempt to get your money back.