There will be money for travel advisors in Crystal Cruises liquidation

The assignee tasked with liquidating Crystal Cruises’ assets and distributing them to creditors expects to file a motion in the next 60 days to begin paying priority creditors like guests, tax creditors and wage creditors for employees, according to Samuel Capuano, an attorney for the assignee. 

Capuano said there will be money left over to pay unsecured creditors like travel advisors but added it is too soon to say how much or at what percentage. 

It is unclear when payments will be made as the timing depends on when courts are available to schedule a hearing, he said.

Capuano, a lawyer with Miami-based firm Berger Singerman, represents Mark Healy of Michael Moecker & Associates, who is managing the liquidation of Crystal Cruises’ assets and distributing the proceeds to the line’s creditors. 

In total, Capuano said consumers filed more than $93 million in court claims connected to Crystal Cruises’ collapse, he said. 

In the last four months, Healy has made dozens of filings objecting to claims that have since reportedly been resolved, including those from guests who lost deposits but have since been reimbursed by their credit card company.

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