topic Issues from Vantage Travel's Bankruptcy in After you file

Issues from Vantage Travel's Bankruptcy

larryhersh — Tue, 24 Feb 2026 06:54:02 GMT

We paid for a lot of mony for a trip to Antarctica on Vantage Travel. Vantage has declared Chapter 11 Bankruptcy, and we have little hope of getting any of our money back.

My question is: Is the loss to us due to Vantage Travel's bankruptcy deductible on our federal tax returns?

Re: Issues from Vantage Travel's Bankruptcy

Bsch4477 — Mon, 24 Jul 2023 14:45:25 GMT

No, it is a personal not a business loss.

Re: Issues from Vantage Travel's Bankruptcy

Opus 17 — Mon, 24 Jul 2023 15:48:19 GMT

Sorry, no. However, if you do get any recovery from the bankruptcy court, that won't be taxable unless it is more than you paid, even if the attorneys sent a 1099-MISC.