Vantage Deluxe World Travel finally pulled the plug on itself and filed for Chapter 11 bankruptcy on June 29. This move was no surprise to anyone following the troubling situation at the once well-respected tour operator.
What did come as a surprise was the true debt the company amassed before increasing negative publicity about its operations forced it to shut down. The legal team of Vantage Travel revealed that shocking figure in the Chapter 11 bankruptcy proposal.
All told, Vantage Travel owes customers, vendors, contractors, and other creditors over 170 million dollars.