ExploreTrip IP Holdings Files Chapter 11 with Travel Industry Affiliates
🚨 BANKRUPTCY FILING ALERT 🚨
EXPLORETRIP IP HOLDINGS, INC.
Chapter 11 - District of Delaware
Filed: January 14, 2025
Case No. 25-10050
📊 Assets: $100M-$500M | Liabilities: $100M-$500M | Total Creditors: 200-999 | Industry: Travel Services
Filing Summary
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ExploreTrip IP Holdings, Inc., headquartered in San Mateo, California, operates as part of the Mondee Holdings group providing online travel booking and services. The company filed Chapter 11 alongside 18 affiliated entities, including parent company Mondee Holdings, Inc. and various travel industry subsidiaries.
The filing includes numerous operating companies under brands such as Cosmopolitan Travel Service, Skylink Travel, Rocketrip, and various other travel-related businesses. The company maintains its principal place of business at 951 Mariners Island Blvd., Suite 130, San Mateo, CA.
The top 30 unsecured creditors are primarily comprised of professional services firms and technology vendors, with Reed Smith LLP ($1.89M), Akin Gump ($949K), and Deloitte & Touche ($800K) holding the largest unsecured claims.
PROFESSIONALS
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• General Bankruptcy Counsel: Fried, Frank, Harris, Shriver & Jacobson LLP
• Delaware Counsel: Young Conaway Stargatt & Taylor, LLP
• Restructuring Advisor: M3 Advisory Partners, LP
• Investment Banker: Piper Sandler & Co.
• Claims Agent: Kroll Restructuring Administration LLC