Fortunately I didn't have to pay to learn to fly (thanks HM taxpayer and the UAS)
Unfortunately I bought into what looked like a reputable outfit "European Flyers" Euroshare Gold scheme, run by Tony Holden. This company had been around for 10+ years and looked OK - but hey this was a hobby and I was naive - our friend the beancounter had not posted his words of wisdom. Also I assumed, but did not check, that my "share" was for part of an a/c. So when the company was folded, I - and around 50+ other people in the same situation, lost our money.
We all thought the company was stable and financially sound and all proven wrong (the aircraft had seperate mortgages on them so the banks took all the proceeds of sale of the a/c)
So I totally agree, if the reduction in costs are greater than the company going to the bank be very aware. Other than that, be aware - too many schools have folded and I am sure will do so in the future......