The major news media outlets are reporting Thomas Cook travel is insolvent. This has left travelers stranded all over the world and wondering what to do next.
Having good travel insurance seems like the solution but many insurance policies simply do not pay out when a travel agent goes into liquidation due to insolvency.
If you paid for the trip on your credit card, contact your bank straight away to find a solution as a charge back claim could be the answer.
Otherwise, if you're stuck in the USA or traveled from the United Kingdom, they may help with compensation or flights home.
Thomas Cook travel has been around since 1841 and its failure is a reminder that no company is too big or too well established to fail and for any outsider consumer, Insolvency is almost always impossible to see coming.