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Hi Michael G I am sorry if I sound a bit like a broken record. Your answer to my question was based on financial default and it was a good answer too. Thank you. The original question you stated above was from Julie and yes it did relate to financial protection however the post that I started...

I have a question for all wrappers. What happens to the wrappee and his/her legal claim over the property if the wrapper defaults in some way with his/her lender/financer? How are these people protected against a wrapper who goes under? Simon