One Ocean Expeditions avoids bankruptcy as B.C. court approves restructuring plan - News Summed Up

One Ocean Expeditions avoids bankruptcy as B.C. court approves restructuring plan


Beleaguered B.C.-based luxury cruise company One Ocean Expeditions will be allowed to restructure its business to avoid bankruptcy, a judge ruled Wednesday. The company's insolvency trustee, PricewaterhouseCoopers, said it believes the restructuring proposal will be a better deal for creditors than bankruptcy. She does not intend to use her credit for a future cruise. Neva Hilliard and her husband Chris from Mission, B.C., spent $44,000 for the same cancelled trip last year after the company came highly recommended. Gill hopes future customers who pay for cruises with the company take caution.


Source: CBC News October 21, 2020 19:43 UTC



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