Chrystal Cruises had their bank account drained by an undisclosed group.
Chrystal Cruises did not own the ships they were operating.
Cruise line bankruptcies can get very complicated depending on what countries are involved.
For example, in some countries the creditors are in line before the crew. In other countries the crews are in line before the creditors.-Tom
Executive officers of any entity declaring bankruptcy should get out of prison *only* after all debts are paid in full.
There should be horrific consequences, at least equal to armed theft, for *EVER* not paying every cent of every debt.
China’s economy is on the way down. Time to dump your Chinese stocks.
I recall Regency Cruise in 1995. Long list of creditors and at the end , those future passengers that paid their bill in cash, for a cruise that would never happen..
Some would call that tough luck
Some would call that grand theft
Bkmk Cruise