I'm glad that she's going to continue, but why not with either of the other schools at CBN? Just because CFS has gone bust doesn't mean the other schools are about the fall over.
I've been associated with Leading Edge for a long time (I was CFI there a few years ago) and it's in no danger of shutting up shop.
Border (downstairs at CBN) has some very good instructors too and I'd be surprised if there were any financial problems there.