The funds in excess of the BFG coverage limit constitute depositors’ claims against a bank or credit union. Following a declaration of bankruptcy, depositors are entitled to pursue their claims under the general rules of the Bankruptcy and Reorganisation Law. Those funds constitute depositors’ claims against the bankruptcy estate of a bank or credit union. The depositors should then submit their claims to a judge-commissioner within the timeframe referred to in the court decision to declare bankruptcy of the relevant bank or credit union.
