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• Lamb of God, a heavy metal band ($235,644.)

Many small businesses in Montebello, Papineauville and Cantley are also owed amounts ranging from a few hundred to several thousand dollars — the Metro store, a specialty lumber mill, a farm, the municipality of Montebello, and more.

And there are foreign debts from farther afield — $600 to an aviation company in England, $11,000 to a Mr. Buchan in Scotland, $82,000 to Norwegian booking company, $4,000 to a Missouri charter bus company.

Assets include about $90,000 in money owed to Rockfest that the trustee, KPMG, counts as likely to be paid. But there is more than $120,000 in accounts receivable that are written off as “doubtful” or worse.

The company has a bank account with about $44,000. It also owns camping equipment that was originally worth $42,488, but it is now valued at $1.

Against this backdrop the annual show will go on again this June with a different corporate structure and new name, Montebello Rock, says Alex Martel, who founded Rockfest.

Martel said he has plans to avoid the financial troubles of the past.

“It’s a smaller-scale event, a return to the roots, focused on the Montebello experience that fans love so much rather than based on massive and costly headliners. The fan reaction has been great so far and the presale is doing well, so it feels like we’re going in the right direction,” he wrote in an email.

As well, “with Montebello Rock, I am starting over, taking back full control and doing it by myself with the help of my long-time team and my family, as it was when I first started. In the past 3 years, I was a minority partner with one seat on a board of 6-7 people. While I kept my role as spokesperson and artistic director, I was not in charge.”

The show is scheduled for June 14 and 15 and tickets are on sale.

Montebello Rock’s website promises “about 30 rock, punk and metal groups on two outdoor stages, microbrewery beers, campfire stories with the legends of rock, secret shows in the village and all the usual craziness of Montebello.”

tspears@postmedia.com

twitter.com/TomSpears1

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