D-Reizen, now bankrupt, has coupons outstanding worth € 42m right Now

Travel agency chain D-Reizen, which was declared bankrupt earlier this month, had 42 million euros worth of coupons with its clients, as established by the trustees. Stichting Garantiefonds Reisgelden (SGR) will pay these vouchers to approximately 22,000 people, we Saturday.

When bankruptcy was declared, it was already known that consumers who acquired coupons via D-Travel would take back their money from SGR for canceled vacations. Travel vouchers are covered by the Guarantee Fund, SGR Director Eric Jean Roever confirmed at the time.

D-Risen cited the failure of the so-called voucher fund as a reason for bankruptcy earlier this month. The company did not refund customers who made deposits for travel canceled by tour operators due to the Corona crisis. Coupons were given instead.

In the summary proceedings brought by D-Reizen against SGR and the state, a judge recently ruled that the company should not behave in this manner. In doing so, D-Reizen had hoped to assume that coupons issued by travel agents would also be covered by the upcoming voucher fund.