The organisers of the cancelled Isle of Man Festival say they are no longer in a position to carry on trading.
Rockingmann Festivals Limited has now instructed accountancy firm Shimmin Wilson to call a general meeting of the shareholders.
This will be followed by a meeting of the creditors which will take place on September 24th at the Villa Marina.
Office of Fair Trading chief inspector John Peet told us what this means for ticket holders who are still owed a refund:
New atlas shows dramatic fall in Island birth rate
Births on the Island have fallen by nearly 45 percent in 15 years.
Autocar lavishes praise on Island's roads
The Island's roads have been praised by a major motoring magazine as some of the best to drive in the British Isles.
Super Unleaded hits almost 165p a litre
A fuel company's revealed the scale of price rises motorists will be facing today.
Taxi boss glad to be green amid rising fuel prices
An Island taxi boss says going green is paying dividends as fuel prices rise on the Island.
10-day closure for Mountain Road
The Mountain Road will be closed for 10 days next week.
Survey on cannabis closes this week
There's a last chance to share your views on medical cannabis products.
Hotel boss labels visitor levy "absolutely insane"
A hotel manager has accused the government of being "tone deaf" and "out of touch" over a possible tourist tax.
Ramsey slashes library subscription fees
There's good news for bookworm pensioners in the north of the Island.
