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• 1. S

     Priority claim for customer deposit for a married couple

     ...one contract for H&W - what is the meaning of H&W?

     • SteveEngel
     • Post #11
     • Dec 12, 2024
     • Forum: Business Bankruptcy
  2. S

     Priority claim for customer deposit for a married couple

     Thanks everyone for all of the feedback. I agree - we purchased services and not property, but I still don't see clear delineation of the limit as to whether it is per person or per family, regardless if property or services. Per contract makes some sense to me but I don't see those words (why...

     • SteveEngel
     • Post #9
     • Dec 10, 2024
     • Forum: Business Bankruptcy
  3. S

     Priority claim for customer deposit for a married couple

     I don't really get the significance of the bolded phrase. Here is what I pulled from the internet about my question: In bankruptcy, a customer deposit priority claim is considered "per person," meaning each individual in a couple would have their own separate limit on the amount of their...

     • SteveEngel
     • Post #6
     • Dec 9, 2024
     • Forum: Business Bankruptcy
  4. S

     Priority claim for customer deposit for a married couple

     There's a little more to the story. After being notified of the bankruptcy, we were eventually told by the cruise line that claims for cancelled cruises would be paid in full by their surety company. I also started getting bankruptcy notices. I did not bother to file a bankruptcy claim because I...

     • SteveEngel
     • Post #4
     • Dec 9, 2024
     • Forum: Business Bankruptcy
  5. S

     Priority claim for customer deposit for a married couple

     Under 11 USC 507(a)7, a customer deposit is allowed as a priority claim up to $3,350. I prepaid $12,296 for an Alaska cruise for my wife and me. The company filed for bankruptcy. The invoice for the $12,296 clearly shows my name and my wife's name. The attorney for the bankrupt company is...

     • SteveEngel
     • Thread
     • Dec 9, 2024
     • Replies: 13
     • Forum: Business Bankruptcy