There has been plenty of advice on here about "only pay by credit card" becuase then you have some claim if the company goes down.
A mate of mine lost £35,000 when SECOAT went down about 5 yrs ago - he had to work in Saudi Arabia for 2 yrs to earn enough to finance his licence.
Sorry to hear the news - I hate to see people lose cash, but the credit card advice is good. I would advise the same for people paying for training here or at OATS - too big a risk at anytime, let alone the present (remember SECOAT went down when the market was good!).