re: Corona Virus is bankrupting my parent’s and sister’s small travel business

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Don't they have a rainy day account to hold them over? How does their lack of planning have to do with coronavirus?

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They do have a rainy day a but not enough to even come close to covering the large amount of money made on large trips. I said it was a small business, and it is but a lucrative business. It is literally run out of their house.
If they can weather the storm and stay on good terms with the clients, they can start over. But the feeling is that the trust in them is not what it was. It comes down to non refundable hotel rooms and additional deposit. That allows him to book flights and hotels along with local transportation. But with the Corona Virus, they think the agreement should be void. He can refund the rooms that were able to be cancelled without penalty. But most wanted the more expensive private rooms that doesn’t give refunds to book room plus must give them a deposit, I believe.
I’ve never seen them so down about their dream job possibly coming to the end.