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Question about ISAs

r/codingbootcamp

u/michaelnovati replied ·
ISAs are a contract between you and another party and they have spotty regulation, so the specifics highly depend on your specific ISA, the ISA provider, and the relationship between the ISA provider and the program. They also depend on your contract with the bootcamp and when your obligation becomes due. For example, if your contract says you owe $10K after the 10th week and the bootcamp goes bankrupt in week 12. The $10K owed is still on their books and collectible during and after bankruptcy is resolved and someone will come knocking. What would likely happen is another program or the ISA provider themselves might acquire the ownership of that $10K obligation and make sure you eventually pay it, even if the bootcamp is long gone. If you DM me more specifics about your program, the ISA provider, I can do my best to comment more specifically.