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Tour company gone bankrupt


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Can anyone help me. a friend booked a trip to paris with a company called "Taj Tours" and paid them by money transfer the company called about 10 days before departure to say that the booking had been cancelled due to over overbooking, and advised that they were going to refund their money. Unfortunately, they company have gone into administration and my friend is now £340 out of pocket, is there anything that can be done. :confused:

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