Originally Posted by
bankrunner
If it's a credit for a flight you bought via credit card, the card scheme's rules will cover you.
You get back what you paid from the bank, and then your bank gets in line with all the other unsecured creditors.
Except if the bank is quick, their credit card licence agreement with the airline allows them to direct debit the amount back form the airlines bank account. If there's any cash in it! Seen this happen in a company that was put into administraton!