Could they possibly do this and it be completely legal?
Just my opinion, but if a cruise line goes into bankruptcy and I don't get my deposit back, I'd have to know WHY. If it was bankruptcy because they financially mishandled their profits, probably not. But, bankruptcy because of the current situation (which is really out of their control and not because they did something wrong), I wouldn't hold it against them.If I lost my deposit because they were reorganizing their debt, I’d 100% never book with them again
True. But it makes me want to cancel my DCL for April so I can get my money back now before this keeps on going on longer and longerJust my opinion, but if a cruise line goes into bankruptcy and I don't get my deposit back, I'd have to know WHY. If it was bankruptcy because they financially mishandled their profits, probably not. But, bankruptcy because of the current situation (which is really out of their control and not because they did something wrong), I wouldn't hold it against them.
Now, if they go into bankruptcy, would they still be sailing? Could make the whole question be moot.
I know. We had future cruise deposits booked with both Holland America & Princess when then all started. We did ask for (and get) those refunded. But, we also had a river trip (almost paid for) for last April that got canceled. At the time we had to either take a refund or use it for another trip in 2020. We booked a different trip for October, but as the PIF date came due, we opted to move it to a trip next April. I think, if that one winds up getting canceled, we'll just take the refund.True. But it makes me want to cancel my DCL for April so I can get my money back now before this keeps on going on longer and longer
Right. I might cancel mine later today. But my nearly three grand deposit is on gift cards so I dont know if that makes the chances of me getting that back if this was to go down.True. But it makes me want to cancel my DCL for April so I can get my money back now before this keeps on going on longer and longer
I hope you kept the gift cards you used for the deposit, because DCL will refund any monies back to the last used for payment ie. Credit or Gift cards, but once you get the refund to the cards you pretty much are stuck with them as they are, they don't offer refunds on gift cards in most cases, but you can use them at any Disney entity, Parks, resorts, stores etc.Right. I might cancel mine later today. But my nearly three grand deposit is on gift cards so I dont know if that makes the chances of me getting that back if this was to go down.
I got them.I hope you kept the gift cards you used for the deposit, because DCL will refund any monies back to the last used for payment ie. Credit or Gift cards, but once you get the refund to the cards you pretty much are stuck with them as they are, they don't offer refunds on gift cards in most cases, but you can use them at any Disney entity, Parks, resorts, stores etc.
I think you're right. Bankruptcy is part of our financial system, and I suspect everyone of us has done business with a company that has gone bankrupt in the past, and left some customers without refunds.That's code talk for bankruptcy protection. Yes, they could do it and you would become the lowest rung of creditor with your deposit. If this shutdown lasts long into next year, there will definitely be cruise lines that go bankrupt. They will have too much debt to service without revenue to service it.
They could get away with it legally.Could they possibly do this and it be completely legal?
And it goes way beyond deposits. Plenty of people have expensive cruises paid in full. The loss of all that money would be devastating to many cruisers. For some, that's their entire year's vacation budget.If I lost my deposit because they were reorganizing their debt, I’d 100% never book with them again
I don't know about everyone. I think that would be pretty rare to lose to money to a bankruptcy. I know I never have and I don't know of anyone that has.I think you're right. Bankruptcy is part of our financial system, and I suspect everyone of us has done business with a company that has gone bankrupt in the past, and left some customers without refunds.