Ticketholders must file a claim through Ernst & Young with no guarantee of a refund. Ticketholders can file a proof of claim form, and they may be able to get some or all of their money back, but they won't hear back for "several weeks". Tickets were still available for purchase on the festival's website as of 3:30 p.m. on Thursday.
It all depends on what kind of insurance policies are offered by banks issuing the cards used to buy them.
Last year, the festival drew a record 180,000 fans over four days to Pemberton Village, north of Whistler.
Among 120 unsecured creditors listed, the Canada Revenue Agency is owed close to $1.7 million, the Society of Composers, Authors and Music Publishers of Canada is owed $373,016 and caterer Truffle Fine Foods is owed $139,522.
Squamish Valley Music Festival was also cancelled a year ago, with industry insiders noting the poor exchange rate and the competition for festival supremacy in the Pacific Northwest as factors in that decision.
The festival also said that the struggling Canadian dollar has been hurting the festival since its 2015 event. A call to Ernst & Young, the firm hired to oversee the bankruptcy, was not returned.
"We've just learned that the Pemberton Festival has been cancelled".
He says the fact that the Pemberton Festival went along without a hitch until now proves that the town is a great site for that type of event.
Organizers of one of Toronto's favourite festivals wanted to make sure music fans didn't miss out on that summer feeling, and have offered up free admission to anyone who has purchased tickets for the tcancelled festival. Of course, this is up to the discretion of the ticket holders bank.
The music festival which was set for the weekend of July 13 - 19 in Pemberton offers the option to camp on site and drew large crowds a year ago of up to 180,000 fans over the four day event.
The notice on the event's website warns there would be no automatic refunds. "The trustee will provide an update to creditors in due course", the notice says.
Also, refunds may be available to ticket holders from third parties if tickets were purchased using a credit card.
Slated to run July 13 to 16, it would have been the fourth year for the Pemberton, B.C., event.