After five years, Thomas Cook creditors to get payouts

After five years, Thomas Cook creditors to get payouts

Tuesday, 09 Jul, 2024 1

Creditors of the 2019 Thomas Cook Group collapse will soon get long delayed payouts.

The Official Receiver announced it will return £280 million to creditors.

It has now realised all assets which range from the sale of airport slots, hotel investments and the high street stores.

Official receiver David Chapman said: My team has been working hard to finalise the liquidation which can now be distributed to creditors.”

“I would encourage creditors to visit the dedicated Thomas Cook Claims Site  to check their claim as soon as possible.”

It has been a complex process with 57 different Cook entities in liquidation.

Eligible creditors will likely receive payoffs before the end of September 2024.

For creditors who haven’t submitted a claim, they must do so by 2 August 2024. 

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TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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