The collapse of Thomas Cook not only left hundreds of holiday makers disappointed and out of pocket; it also left those with personal injury claims against the company with no way of recovering compensation.
It’s not uncommon for large companies, such as Thomas Cook to be ‘self-insured’, meaning that they are liable for the risk themselves rather than taking out insurance through an insurance company. Therefore, successful claimants are in the position of being treated as unsecured creditors in its liquidation, as too are their legal representatives in terms of recovering their legal fees.
However, there is now some hope for Claimants after the Government announced on 5th November 2019 that it was setting up a statutory compensation scheme for Thomas Cook customers who face losing out on injury compensation claims because of the company’s collapse.
Andrea Leadsom MP told the Commons that the official receiver has alerted the Government to an “important outstanding matter relating to personal injury claims against Thomas Cook companies impacting customers” who suffered life-changing injuries, illness or death.
Whilst the full details of the scheme are yet to be finalised and announced, this shouldn’t stop those with a claim from formulating their case against the company. If you have a case against Thomas Cook that your solicitor is no longer prepared to assist with, or you want advice on bringing a claim against the defunct company, please get in touch with us for free legal advice.
Tel 0114 225 6666