The founder of a strap that was left PS2 0,000 out-of-pocket after the collapse of a crowdfunding website said he was fighting to repay the debt.
CC Smugglers were due to receive the money but PledgeMusic stopped trading and the band announced it a day.
Richie Prynne, the founding fathers of the Bedford jazz and blues strip, said his father had squandered pension funds to give the band an advance, expecting it to be repaid.
Mr Prynne said he was now selling back catalogue moves to repay that advance.
Fans of the sextet had bequeathed to PledgeMusic in the hope it would help them produce an album.