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Travel in the Age of Bankruptcy

Airlines go bankrupt, so protect yourself by buying your tickets with a credit card, as the (US) Fair Credit Billing Act guarantees that you can get your money back from the credit card company if a travel supplier goes under (and if you request the refund within 60 days of the bankruptcy). Travel insurance can also help, but make sure it covers against “carrier default” for your specific travel provider. And be aware that if a U.S. airline goes bust midtrip, a 2001 federal law requires other carriers to take you to your destination (albeit on a space-available basis) for a fee of no more than $25, provided you rebook within 60 days of the cancellation.

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