Lots of luck - The Sunset Junction Neighborhood Alliance declares only $500 in assets (office furniture and supplies) and $928,000 in liabilities, the Eastsider reports, citing court documents. The Silver Lake nonprofit has filed for Chapter 7 bankruptcy, which means it's in the process or liquidating whatever assets are left.
Creditors included well known bands - the Butthole Surfers and Ozomatli, each owed $20,000 - and newer groups - The Growlers ($5,000) and Yellow Red Sparks ($150) - as well as music promoters, Spaceland Productions ($24,000). Also owned money are the business people and nonprofits that had purchased booth space to hawk everything from kabobs to causes: Kettle Corn Kings ($1,000); LA Gay & Lesbian Center ($350); Señor Fish ($1,200); and Pet Harnesses by Ines ($550).
As you may recall, last year's event was canceled when organizers ran into a cash crunch.