FlyerTalk Forums - View Single Post - Luxury Link declares bankruptcy. Trips Canceled (thread re-opened)
Old May 21, 2015, 6:39 am
  #11  
Often1
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Join Date: Aug 2010
Location: DCA
Programs: UA US CO AA DL FL
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Presuming that you paid with a CC issued by a US-based issuer, you have 100% protection in bankruptcy. If you paid with other than a CC, you are likely SOL and stand as an unsecured creditor, which means that you likely, although not certainly, will see next to nothing until sometime down the road.

The CC networks track bankruptcies and will have flagged these transactions already. Your chargeback should be sustained relatively immediately.

That leaves you with needing to rebook the deal. Question is whether the property will honor the deal if you do it directly or whether there are other organizers who will step in as a way to build a customer base.

Last edited by Often1; May 21, 2015 at 7:03 am
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