Interesting article here - http://www.bbc.co.uk/news/uk-scotland-scotland-business-18294375
I would suggest that even more festivals will be going this way and this would be a great shame!
Never heard of this festival but it sounds like it was a slight disaster!
Has anybody been and what did you think?

2012, June 7 - 3:32pm
Oh no! That sounds terrible! ...not only not being able to pay charities but also failing to pay creditors?!
Still that festival does sound a bit rubbish. Headliners = James? Maybe good in the early 90's, but these days.... not so sure.
Have you heard of any other big or medium sized festivals this has happened to?