Whether a bank deposit or an unsecured creditor, you don't get screwed if you're a foreigner (unless there's a foreign subsidiary, then figuring out who gets what gets complicated and can drag on for years).

Canada's Nortel went bankrupt in 2009, and they only got a ruling on the apportionments between the creditors of the different subsidiaries in 2015:

https://financialpost.com/legal-post/nortel-bankruptcy-judge...

Along with more fights between them over other funds in 2016 and 2017

https://www.bloomberg.com/news/articles/2016-04-05/nortel-ba...

https://www.hugheshubbard.com/news/firm-assists-nortel-in-se...

The accountants/lawyers end up doing well and can suck a lot dry.