Febiofest film showcase in state of bankruptcy

The Febiofest film festival, which took place annually in Prague and other Czech cities and towns, is now in a state of bankruptcy, Czech Radio reported on Sunday. The founder of the cinema showcase, Fero Fenič, filed bankruptcy proceedings against the company which now owns it, saying he did not receive payment after selling the festival and is owed CZK 4.5 million.

Czech Radio said it was trying to contact the head of the company that owns Febiofest.

The festival, which was created in 1993, did not take place this year.