Gathering faces oblivion
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The Gathering is teetering on the brink of bankruptcy, says chief executive Murray Kingi.
An unnamed group was applying to have the Gathering put into liquidation, and the fate of the New Year's Eve dance party should be known by the end of the week, he said.
Mr Kingi is the sole director of the Gathering Company Ltd.
"I am in the process of trying to fight that, but it is not looking very hopeful," he said.
"Once they file that order, there is not much we can do."
Mr Kingi said his options were to either talk the group out of it or find some money.
The Gathering owed more than $400,000 to various creditors but was owed about $700,000 from previous events, he said.
The Gathering's dire financial position was the result of competition and a lack of numbers at last New Year's party, Mr Kingi said. Another 1000 partygoers would have meant it could continue.
"I am not going to say it's not my fault," he said. However, he said there were people who could have paid the money they owed.
"I should have done better. I can't turn around and blame anybody apart from those who know how this has come about."