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Old Jul 15, 2009 | 8:30 am
  #2  
Worthing Scottish
 
Join Date: Oct 2005
Location: KRH
Programs: BA Gold (just!), BA Amex PP, Amex Plat, Accor Fav Guest, Priority Club Platinum
Posts: 796
Absolutely worthless.

I believe there would be no claim whatsoever on the failed company, unlike an ordinary shareholder or someone who had purchased a ticket for a service (i.e. flight) that was not provided, as they would (legally) have "unsecured creditor" status.
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