Ticket Rocket collapsed under the weight of millions of dollars of debts and events cancelled by coronavirus lockdowns. Receivers in charge of defunct ticketing company Ticket Rocket are unable to sell the business and still trying to figure out the accounts. READ MORE:* Ticket Rocket creditors told to try their banks for chargebacks on unredeemed tickets* Ticket Rocket liquidator doubts unsecured creditors will be paid* Ticket Rocket owes millions but receivers have questions about company's booksInsolvency documents from November showed Fortress had debts of more than $9 million. Someone, however, was still interested in Ticket Rocket's ticketing platform software code. Meanwhile, about $535,000 held in a bank account was subject to multiple claims, including Palmerston North City Council’s action against the company, receivers said.

Source: Stuff May 06, 2021 02:09 UTC