PLANO, Texas, June 3, 2021 /PRNewswire/ — WorldVentures, the leading direct seller of global travel and leisure club memberships, is pleased to announce that it has entered into a binding agreement, subject only to court approval, with Verona International Holdings as a plan of reorganization sponsor under the bankruptcy code.
WorldVentures is a lifestyle company that markets global travel-related products and experiences – branded as DreamTrips – through independent representatives and members based throughout the United States, Canada, Europe and Asia.
The reorganization plan will be submitted for court approval in the coming weeks. This agreement, valued at upwards of $82,500,000, will provide for a repayment of pre-bankruptcy sales representative commissions, among other provisions. Under the agreement, the company will operate under both the WorldVentures and DreamTrips brands going forward.
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