Montebello Rockfest to File for Bankruptcy Protection

Montebello Rockfest to File for Bankruptcy Protection
Montebello Rockfest just wrapped up the other week, but the long-running Quebec festival has now announced it will be filing for bankruptcy protection.

Organizers made the announcement on Thursday night in a press release [via CBC], revealing that they hope the decision will help them restructure and carry on. The move comes just one week after the festival accepted more than $500,000 in financial support for this year's event, which marked Montebello Rockfest's 13th edition.

"There is a strong commitment to find solutions, so that the festival will be held next year and in years to come," said festival spokesperson Gilles Corriveau of the decision to file for bankruptcy protection.

Organizers stated they are putting all their efforts into their restructuring plan and aim to attract new investors.

"It's just a question of reorganizing everything, because they are definitely determined to hold this festival for years to come," Corriveau said, adding, "Definitely there have been mistakes or there have been situations — maybe not mistakes, but situations — that put the festival in this situation."

Montebello Rockfest held its 13th edition from June 14 to 16 in Montebello, QC. Prophets of Rage, Weezer, Five Finger Death Punch, Godsmack, Tenacious D, A Day to Remember, Stone Temple Pilots and many more played this year's event.

You can check out a series of photos from this year's event here.