Excerpt from article:
"Lawless adds that, if continuing operations under Chapter 11, a company will usually seek authorization from the court to keep their commitments to their customers. In other industries, this has allowed retailers to continue to honor gift cards and service warrantees, even while bankrupt. For the cruise industry, it means your cruise line could continue to embark passengers, sail and even honor vouchers, while reorganizing through the courts.
"It doesn't strictly follow the bankruptcy code, but the creditors involved want to get paid the most," says Lawle