Latest Update:
I has been reported recently in the media that CT2 & LOCO were ATOL bonded to the sum of around Ģ6million. This figure, if true, should be sufficient cover to refund all the companies customers in full.
Your first port of call (according to Trading Standards and the Credit Card Companies) is with ATOL - see the link in the post above.
Should you get no joy there (but you should!), if you paid by credit card you can claim against your credit card insurance company.
With ATOL you have until 12th December 2007 to register your claim and this claim should take around 1 month to settle - however, this maybe longer in particularly busy periods.
Good Luck.