Fat as Butter Promoter Enters Voluntary Liquidation Under $200,000 Debt
As Fat as Butter organizers have managed to make a bad week worse, itís promoter, Mothership Music PArty Ltd, has officially gone into legal liquidation after losing a $400,000 lawsuit against a 2011 festival no-show, Flo Rida.
Although the ASIC notices show that the decision to liquidate was made on August 13th, it is probably the result of a NSW judge ruling that US rapper Flo Rida not responsible for a lawsuit filed by Mothership Music, even though the musician failed to complete his contractual dues in 2011. Initially, the court decided in favor of the event promoter, but in a reevaluation of the case, it was deemed that the defendant was inappropriately served, after he was notified through Facebook of the lawsuit.
The Newcastle Herald reported that the festival has been successful since 2008, and will continue to grow and be a major player in the festival market for many years to come.
Zennetsolutions (http://www.liquidationsolutions.co.uk/understanding-the-voluntary-liquidation-process/how-to-liquidate-a-company/) offers director-focused liquidations and help and support trhoughout the liquidation process, whether forced through a court ruling or voluntarily started. Visit the website or call the directors hotline at 0800-612-94-78 today to learn more about company voluntary liquidation and the easiest solutions for your business.
Tel: 0800 612 94 78
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