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Old April 2nd, 2008, 05:06 PM
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richstacy richstacy is offline
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Join Date: Sep 2005
Location: Denver Colorado, USA
Posts: 1,419

Paul, I'd be surprised if they don't file for bankruptcy shortly in federal court in Florida. Then all the creditors, including those who have paid for cruises will have to have their claims adjudicated by the bankruptcy judge. A trustee in bankruptcy will represent their interests. It is not my area of the law, so I don't know who gets what priority, but secured creditors come first.

A secondary consideration is that if they took money, genuinely knowing that they did not intend to stay in business, then they may be guilty of criminal fraud. Fraud is easy, it is simply lying to get money.
Landlocked in Denver, but cruisin every chance we get.

Polynesia, Carib. '86
Cr. Odyssey, Scandinavia, '91, 30 Day S Pac. 2002
Crystal Harm, Aust., N.Z., '94
Royal Odyssey, AK,'96
Old Cr. Pr. Canal, '97
RCCL, Carib, 1998
Volendam, Car, 2000
Ryndam, 35 day S. Am., Antarctica, '03
Is. Pr., Canal, 2004
Statendam, 34 day China, Japan, AK '06
Cr.Pr., Carib. 08
Eurodam, Atlantic, Med. '10
Golden Princess
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