KANSAS Metropolis, Mo. – The terrible news arrived this 7 days in an email asserting that People today to Folks Scholar Vacation Plans was filing for individual bankruptcy.
The 270 pupils, who paid out as a lot as $7,000 each individual for visits, have been informed that if they needed a refund they would have to plead their circumstance to the bankruptcy trustee.
In the personal bankruptcy petition, however, the after effectively-regarded student vacation program claimed it did not have plenty of belongings to repay most of its personal debt.
It was an inauspicious ending to a college student journey method that is been all around for many years.
Individuals to Folks College student Travel is the for-revenue arm of Individuals to People Global, the nonprofit humanitarian plan started off underneath the steering of President Eisenhower. Equally are based mostly in Kansas City and work from the similar place of work in Crown Heart.
As FOX4 initially reported, Men and women to Individuals Scholar Travel Programs’ web site all of a sudden went darkish this thirty day period. Moreover, the firm stopped responding to e-mail and cellular phone calls. Mothers and fathers, together with Kate Eich who paid out much more than $7,000 for her daughter to consider a excursion this summer months, were being anxious.
“They have been going to Rome and Athens, and she’s genuinely wanting forward to it,” reported Eich, who FOX4 very first spoke to three weeks back.
At that time, Men and women to Men and women spokeswoman Mary Eisenhower, the granddaughter of President Eisenhower, explained to FOX4 that People to Men and women was owning economical troubles, but was nevertheless a viable business.
This week, it filed a bankruptcy petition with the court docket.
The petition claims the team owes about $1.5 million to creditors, a lot of of whom are college students.
A review by FOX4 of Men and women to People’s tax filings showed even the nonprofit aspect of the firm has been having difficulties monetarily for many years. The bulk of its revenue is used on salaries, with the vast majority heading to customers of the Eisenhower household who head the organization.
Folks to Folks acknowledged extra than $200,000 in federal COVID payroll aid cash through the pandemic, but apparently that continue to was not adequate to keep it afloat, to the chagrin of mother and father like Eich.
“My daughter will be devastated, so I have not even informed her still,” she reported.
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