Two Sides

There are two sides to this situation

Side 1

People with a Finance Agreement / Loan with a bank or other financial institution.

These people are being offered alternative training and may be able to get a refund due to the financial institution also being liable for the breach of contract (breach of contract may have to be argued in court)

Side 2

People with an agreement directly with Advent (aka Anglo Capital) or who paid Advent directly in cash.

Side 2's money was pumped directly into Advent; was not "ring-fenced", trickled or anything else which may or may not have happened to Side 1's money.

Side 2 people are in a much worse position regarding any type of resolution or possible refund. If Advent is insolvent then what little money they have will be even further reduced as they are low on the list of priority.

Also, the equipment that the Directors stripped out of the Mews building could have gone towards increasing the insolvency "pot". Isn't that illegal or at least amoral for them to do that?