So 1Time has stopped all flights as from 15h00 today. They have gone bankrupt.

I am only one of the many who have prebooked flights with them.

What happens now? Is the money just gone? Surely they have a responsibility to (at the least) inform their customers that they were cancelling flights.

Some people had even booked flights as late as this morning. Does the consumer protection act have anything to say about this?