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Jacada Travel was a luxury travel company that offered personalized travel experiences to its customers. Unfortunately, the company went into liquidation in 2020, leaving many customers wondering what happened and what to do next. In this article, we will discuss everything you need to know about Jacada Travel liquidation.
What is Liquidation?
Liquidation is a process of selling off a company’s assets to pay off its debts. When a company goes into liquidation, it means that it can no longer pay its debts and has to close down its operations. The assets of the company are sold off to pay its creditors. The process is overseen by a liquidator, who is appointed by the court.
Why Did Jacada Travel go into Liquidation?
Jacada Travel went into liquidation due to the impact of the COVID-19 pandemic on the travel industry. The company was heavily reliant on international travel, which was severely impacted by travel restrictions and border closures. The company was unable to generate enough revenue to cover its expenses and pay its creditors.
What Happens to Jacada Travel Customers?
Customers who had booked travel experiences with Jacada Travel may be affected by the liquidation. The liquidator will assess the company’s assets and liabilities and determine how much money is available to pay its creditors. Customers who have paid for travel experiences that have not yet taken place may be able to claim a refund from the liquidator. However, the amount they will receive will depend on how much money is available and the priority of their claim.
How to Claim a Refund?
Customers who have paid for travel experiences with Jacada Travel and have not yet taken place may be able to claim a refund from the liquidator. They should contact the liquidator to make a claim. The liquidator will assess their claim and determine how much money they are entitled to receive. However, customers should be aware that they may not receive the full amount they have paid, as the amount will depend on how much money is available and the priority of their claim.
What to Do If You Have Booked Travel with Jacada Travel?
If you have booked travel with Jacada Travel and have not yet taken place, you should contact the liquidator to make a claim for a refund. You should also check your travel insurance policy to see if you are covered for the loss. If you have booked travel with a credit card, you may be able to claim a refund from your credit card company under Section 75 of the Consumer Credit Act.
Conclusion
Jacada Travel liquidation is a sad story of how the COVID-19 pandemic has impacted the travel industry. If you have booked travel with Jacada Travel, you may be entitled to claim a refund from the liquidator. However, the amount you will receive will depend on how much money is available and the priority of your claim. We hope this article has provided you with the information you need to know about Jacada Travel liquidation.