Children from more than 100 schools – including Reddam, The Forest High and Marist Sisters – thought they were going on a trip to NASA in Texas. That was until Charles Chung’s company collapsed, owing millions. Here’s how it all unravelled.
More than 600 Australian families are owed a total of $7 million that is unlikely to be repaid after the collapse of a school excursion company that may have traded insolvent for almost four years.
About 100 schools nationally were affected by the collapse, with parents at Reddam House, Marist Sisters College Woolwich, The King’s School and The Forest High left thousands of dollars out-of-pocket. Parents paid up to $12,000 for the trips. Those who transferred payments via direct deposit are unlikely to have their money returned, while families who paid via credit card could claim a chargeback for the payment.SMH
The NSW Education Department said 10 students at The Forest High were affected by the company’s collapse and that “impacted families had been reimbursed by the department in full to ensure no one is out of pocket,” a spokesperson said. A spokesperson from Sydney Catholic Schools said although the college “distributed a flyer to parents and hosted an information evening facilitated by Actura, it is important to note that the experience is not an excursion organised by Sydney Catholic Schools”.
Hiren Wong, a parent at King’s, said she paid about $12,000 upfront for her son to attend the space camp, but does not expect it to be recovered.Just a week after Actura’s collapse, Chung appointed a trustee to arrange a personal insolvency agreement with his creditors and offer them a better return than bankruptcy.
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