Now forced its closure. Every asset the chairs, the filing cabinets, even the ink, will now be auctioned off so that creditors can be paid. Its a painful process for the former owner and his business partner. We walked out of there and locked the door for what for me was going to be the final time. And i gave her a hug and she sobbed, it was really deep, heartfelt sobbing. It was hideous. This has been everything to you. It has been everything to me. It was only three months ago but it was our life. We put everything into it. The pride that i felt suddenly turned to quite the opposite. To . Embarrassment. The embarrassment that everything i had worked for had been a failure. I had let everybody down, let my staff down, let my suppliers down, let my clients down. How much do you owe . Between me and my partner about £140,000, Something Like that. So, it is not millions, but it may as well be. In england and wales. For most people, bankruptcy is a shameful and a devastating process. The
Days later driving this luxurious bentley. This sports promoter declared himself bankrupt owing ten million. We found him and his wife still driving a line of luxury cars and living it up in perthshire. And this banned company director, once one of the biggest donors to the conservative party, and a £41 million bankrupt. Here he is running multi Million Pound housing developments. Tonight on panorama, we expose the millionaire bankrupts playing the system. When a business goes bankrupt, its usually a shattering experience. This was once a thriving Family Business in staffordshire employing more than a0 people. A printing company, the modern digital age has now forced its closure. Every asset the chairs, the filing cabinets, even the ink, will now be auctioned off so that creditors can be paid. Its a painful process for the former owner and his business partner. We walked out of there and locked the door for what for me was going to be the final time. And i gave her a hug and she sobbe