The Clifton Park venue, which can hold 1,000 people, has served a niche for years -- bringing in hard-rocking or country bands with followings too small for theaters like the Palace but too big for many other area clubs.
Owner J. Kip Finck made the filing Thursday in U.S. Bankruptcy Court in Albany, saying the business had $77,034 in assets and $107,758 in liabilities.
Contacted Friday, he said he filed to get concert revenues back from TicketMaster that had been seized as the result of a license dispute over a copyright issue. Finck said the dispute was over the venue's failure to pay for one of two music licenses needed for the right to perform copyrighted music.
Finck said he had been told both licenses weren't necessary.
The dispute resulted in a lawsuit, which the club lost. The club wound up owing the management companies about $60,000. Finck said he took the company into Chapter 11 to figure out a payment plan for the management companies.
"This is the best thing that happened to us," he said. "It's a nightmare out of the way. We've worked it out with them."
The venue, which shares space with a recreational vehicle business in a small strip mall on Route 146 near the Shenendehowa school campus.
Northern Lights has operated for a decade, and has hosted such well known acts as Judas Priest, Chris Cornell, Tesla, Rob Zombie and Type O Negative, among others.
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