Florida brides are out $6,000+ after their venue went bankrupt — and most couples skip the fix

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Getting joined is usually 1 of the astir breathtaking moments of a couple’s life. But for Victoria Houston, readying her imagination wedding abruptly became a fiscal nightmare.

The Florida bride-to-be had already paid much than $6,300 to fastener down her September wedding day astatine Red Mesa Events successful downtown St. Petersburg erstwhile she got the quality that the venue had abruptly closed its doors.

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Now, Houston is retired thousands of dollars and scrambling to find different venue.

“Our deposit was $6,300 and immoderate change,” Houston told Tampa Bay 28 (1). “At this point, we don’t cognize if we’re going to beryllium getting that wealth back.”

Can you support your wedding deposit from bankruptcy?

The closure came aft Red Mesa Cantina’s genitor institution filed for bankruptcy, citing a operation of economical pressures (1), including lingering post-pandemic challenges, hurricane-related disruptions and a slowdown successful postulation successful downtown St. Petersburg.

Affected couples told Tampa Bay 28 they received an email that says successful part, “Our squad is presently moving straight with each affected guests and is prioritizing connection based connected lawsuit day order, with the astir contiguous events being addressed first.” (1)

However, bankruptcy cases tin permission customers who paid deposits near connected the hook waiting months oregon adjacent years for answers, and getting the wealth backmost isn’t a guarantee.

But there’s 1 elemental measurement galore couples place that could marque the quality betwixt recovering their wealth and losing it altogether.

Wedding security tin supply an important fiscal information nett erstwhile the unexpected happens. Similar to home, car oregon wellness insurance, couples wage an upfront premium successful speech for extortion against what could beryllium costly losses. (2)

Depending connected the policy, wedding security tin assistance reimburse expenses if a wedding is canceled, postponed oregon disrupted by circumstances that are beyond a couple’s power — including vendor bankruptcy (2).

With the mean wedding often carrying a hefty terms tag, security tin connection bid of mind, and assistance screen you truthful that a astonishment setback doesn’t person to crook your imagination solemnisation into a wealth mess.

Couples should marque definite to cautiously reappraisal argumentation connection earlier purchasing wedding insurance, since sum varies. (3)

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