If a cruise line goes bankrupt while holding a customer’s cash, does the money just go down with the ship? That’s what many Crystal Cruises customers are asking this week after the company suddenly stopped operating.
But the fear of bankruptcy and sudden shutdowns is not limited to this particular cruise line. Throughout the pandemic, our team has received a steady stream of concerned messages from cruise ship passengers. These travelers all have large sums of money “invested” in various cruise lines via deposits and future credits.