Business is not going as expected in hotel industry Business is not going as expected in hotel industry

The Official Receiver announced plans to return the figure recovered to creditors of the Thomas Cook Group of companies, which went into liquidation in September 2019 after last-minute efforts to secure a rescue deal failed.

The group is made up of 57 different businesses in liquidation, “not all of which will make payments to creditors and the payments made will be at different rates for each company,” according to a notice issued by the Insolvency Service on Monday.

“It is expected that eligible creditors will be paid before the end of September 2024.”

A Thomas Cook Claims Site was established in 2021 to enable creditors to submit their claims.

“Those creditors who have not yet done so, should submit their claim through the site no later than 2 August 2024,” the Insolvency Service said.

Source: Travel Weekly