Originally Posted by
jez d
As a point of clarification, as I understand it, BCFT didn't enter bankruptcy. It ceased to trade, reimbursing impacted parties, including cadets.
I did not make any comment about whether they owed money to anyone, I do not know. I have heard 'rumors' (this is a rumor network after all) they do owe several hundred thousand to 'creditors' although I don't know who these might be, students or suppliers?, your guess is as good as mine.
The point was, schools come and go and my concern is more about the slim margins in flight training, BCFT would not have ceased to trade, one assumes, if they were making decent money!
SJ