Originally Posted by
YVR Cockroach
Certainly no bankruptcy protection in most of Asia (or Britain) but if Crystal is incorporated somewhere that it can file for protection to attempt trying to make it as a going concern, it may have a chance of survival.
I doubt it very much any cruise line company would incorporate in places in the world where there are protection of bankruptcy or whatever else. Too naive to even think about such possibility.
In US, many corporate bankruptcies are actually restructuring with negotiation with creditors. Genting Hong Kong is LIQUIDATING, already filed in Bermuda court. A completely different concept if you ask me.
Originally Posted by
wrp96
Ships are not coming back to US. They are dropping passengers off in Bimini and ferrying them to FLL. World cruise is stuck in Aruba. Passengers with four months of luggage are trying to find ways to get home.
Runs out of cash. No money to even pay for the fuel since December. Fuel provider seizes the ships on unpaid bills. Suits filed in Miami court to seize the ship should it cross the border. That is why the ships are away from US border as the judge already issued an arrest warrant for a Crystal ship should it crosses the US border. That is why the passengers are ferried to Ft. Lauderdale instead. What a shock to those wealthy passengers.
Though those who sail Crystal should not be lack of means to find their ways home, except it isn't easy during Pandemic with all sorts of restrictions everywhere you go.
https://www.tradewindsnews.com/law/f...ls/2-1-1149416