I have a good number of frequent flyer miles with Jet airways, which is running into financial troubles. This is getting me a little worried and I have the following questions about it:

1. I have used some miles to book a ticket with its partner airlines [ANA], so I feel even if Jet airways goes bankrupt my travel should not be impacted. Is that correct?
2. If Jet airways goes bankrupt then will I loose all my miles? To be on the safe side, if I book a ticket using miles, will the airline refund me in cash if it goes bankrupt?