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by AndyJ1972
4435 days ago
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In the UK, if a company owner (Director) files for bankruptcy (Administration) then their conduct is investigated by the trustee and a report is sent to the Department of Trade and industry. If anything is found, said owner can potentially be held liable for debts, or at the very least be disqualified from running a LLC again. However, the owner can just then declare themselves bankrupt and escape making any payments, and use a puppet director in their next venture. |
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