FTI bankruptcy: 172,000 refunds and the future of the DRSF!
FTI bankruptcy: 172,000 refunds and the future of the DRSF!
München, Deutschland - The German travel security fund (DRSF) was launched four years ago to compensate for package tourists in the event of bankruptcy of a tour operator. Following the bankruptcy of the tour operator FTI, the fund processed over 172,000 reimbursement applications and paid out around 245 million euros. According to Tradingview received their money last year. Nevertheless, 6,000 applications remain open, which are classified as particularly complex or unusual. In addition, around 34,000 FTI customers did not respond to the cover letter of the DRSF.
The difficulties in reversing the FTI bankruptcy are not insignificant. Insolvency administrator Axel Bierbach reported problems in receiving contact and account details of the affected travelers, since numerous agencies and travel agencies refused to surrender this information. There are also unclear regulations for modular bookings that are only partially regarded as package tours.
information about the bankruptcy
In the event of bankruptcy, travelers who are not compensated for the DRSF can reclaim their funds in bankruptcy proceedings. Over 73,000 creditors have currently registered claims of 980 million euros. The sale of valuable company parts from FTI is estimated at 30 to 100 million euros, which should be sufficient to finance the bankruptcy proceedings. However, the examination of the claims is expected to take several years.Insolvency administrator Bierbach pulled a positive interim balance: five hotels in their own property in Italy, Turkey, Greece and Malta, as well as two leased hotels in Malta have already been sold. The work of around 3,500 employees is secured, and most of the approximately 800 supervisors in the holiday resorts could be taken over by other organizers. At the headquarters in Munich, 40 people are still working on the company.
Advice for those affected
For everyone who needs support, the Lower Saxony Consumer Center offers free short consultations on certain topics. In the case of more complex issues, an appointment may be required for free on-site or video advice. A testing of documents is possible during the consultation date. 40 euros will be charged for written out -of -court legal representation. However, it is important to note that no advice is offered in disputes between private individuals, tenancy law, family or inheritance law and in other legal areas. Detailed data protection instructions are also available ( Consumer Center Lower Saxony ).
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| Ort | München, Deutschland |
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