The high school tour operator “Splashline”, which organizes “Summer Splash” among other things and filed for insolvency proceedings in May of the previous year, has been saved for the time being. The creditors have approved the restructuring plan, according to the creditor protector KSV1870. After the insolvency proceedings have been legally lifted, the creditors will receive a cash quota of 42 percent of their established claims. The money for quota and procedure must be deposited within three weeks, then the procedure will be lifted.
The customers got their money back: The travel customers’ down payments were processed via the package travel insurance.
