What happens when a P2P borrower defaults payment / goes bankrupt? (Asking from a P2P-lending investor POV)

I have personally experienced as a investor on a p2p platform whereby the borrower went burst.

Wrote about it here http://justbeingernest.blogspot.com/2017/07/moo...

As a investor, you will not get back your money since the borrower is not able to pay back the loan. Depending on the p2p platform, action will be taken to get back money from the borrower although the chances of recovery will be low.

Another way you could look at defaults payment is earning more (though the chance is low). Find out why the payment is defaulted? do they have a guarantor to back them up to return back the investors' money in case of defaults?

The most important things like what adele said are learn from the reasons behind your loss and carry on focusing on earning back the losses.

No point crying over spilt milk.