This thread is primarily about someone who was daft enough to put money up front in a flying club and loosing it. BCT were a limited company that went bust; that's really the end of it. If they have your money you will probably never see it again. When a limited company goes bust, you can lodge a claim against its remaining assets, but remember, the major claimant is the taxman so you probably won't get anything. Companies only want you to put money up front to pay someone else's bills so caveat emptor. Other BCT companies still exist, but they are separate companies.
I had dealings with this Company prior to its demise and spoke with Mr Shanley shortly afterwards. Mr Shanley had been employed as an Ops Officer at BCT until the day it folded; he was given the keys and a directorship as the real owners left the building, leaving him looking dazed with a smoking gun in his hand. He was as much a victim as anyone else. Because of his enthusiasm, he attempted to resurrect the flying club but it failed.
I am confident that Mr Shanley is being used as a Scapegoat in the BCT episode. I do not believe he was personally responsible for anyone loosing their money as he was simply an employee until after the event. I think the way he is portrayed and pursued in this thread is both unfair and unjust.
swp53 Quite Correct