Hi everyone -
I am having some trouble finding a precedent
online, so I was wondering if any of you could offer any insight. My
fiancee and I found out about a month ago (June 2013) that our wedding
venue is going into foreclosure. We canceled our May 2014 booking
shortly thereafter (as soon as we were able to secure a new, financially
stable location), and the wedding refuses to refund any money that
we've paid them. We understand that it states in the contract that all
monies are non-refundable - which would be fine if we just decided we
didn't want to get married or something of that nature. However, our
reasoning for cancelling with them is mainly due to the fact that
there's no way that we can guarantee that the venue will even be open at
the time of our wedding. In that case, why are we held accountable
because of the fact that the business cannot pay their bills to their
creditors? It really feels like we're getting the short end of the stick.
My real question is this - if they happen to rebook
our date, are we entitled to get our money back? We've only paid a
little bit over the required deposit, but cannot fathom how it could be
legal for them to hold onto our money and essentially get paid twice for
the same date. Plus, it'd be nice to have our money back as what we've paid pretty much covers our honeymoon, and we've had to move our location to a more expensive venue since it was less expensive to move there than to change the date and potentially lose all of our deposits with our vendors (and potentially need to find new ones). Has anyone gone through this in New York and are able
to offer some insight?
Thanks!
Re: Wedding Venue Foreclosure - Deposit refund?