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Can a borrower still get compensated by the MGTF if the licensee files bankruptcy?

April 26, 2017Bankruptcy borrower Compensated files Licensee mgtf

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Can a borrower still get compensated by the MGTF if the licensee files bankruptcy?

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The above does not have to be done if the subject licensee filed for bankruptcy or has been adjudicated bankrupt. The borrower must file a proof of claim and notify the OFR of the proof of claim by certified mail. (F.S.