“You are way in over your head running the business that has failed, or been mishandled due to bad management. Either way some one or some people have to be liable. The company has passed the liquidation process, and all members of the company have been sequestrated in their personal capacities too.
Most members are left bankrupt too after this ordeal. They would have to appoint a corporate bankruptcy attorney to try and defend them, and they would have to pay the bankruptcy attorney fee, this is by, no means small amounts of money. These fees would normally be a percentage of the claims made. The attorney with his attorney bankruptcy fee would be wiser if they took the cases of the larger corporations on, due to the percentage of money recouped or claimed, as it is a very long procedure.