A popular music festival has collapsed after being unable to pay its debts.
A popular music festival has collapsed after being unable to pay its debts in the latest woe of the struggling industry.Last Wednesday, the NSW Supreme Court ordered ITP Music Pty Ltd to go into liquidation,
At its peak, it boasted headline acts in its line up such as Flight Facilities, Lime Cordiale and Cut Copy. The music festival doesn’t appear to have operated for the past year. Picture: NYE In The Park/Facebook A CreditorWatch report news.com.au has obtained shows that in December last year, another creditor, Bingo Commerical, took legal action against the music company over a $14,000 debt.
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