LowCost Travel Group Files Bankruptcy

Legal advice to companies and individuals affected by the bankruptcy of Low Cost Holidays

The ParcBit-based British tour operator Low Cost Travel Group (LCTG) has filed for bankruptcy procedures, leaving behind debts that amount to over 50 million euro. Most of those affected are hotel owners in the Balearic Islands. Last Friday, July 22, the company released a notice communicating the bankruptcy, which has left thousands of clients unattended.

I am a client. What can I do?

If you are a client, the solution you may well depend on the service that you contracted and the method of payment of the service. It is essential that you put your claim forward as soon as possible. The is due to the fact that the guarantee fund is limited and may not cover the reimbursement of all of the booked travel packages.

For further information and or a free consultancy, contact me at: Jaime@citizensadvice.org.es

Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.