If it's fraud, and not just BK, then, the Personal Assets of the fraudsters are added to the pot, and the 'Corporate Shield' does not survive. This includes not only the master-fraudster's assets, but his friends + relatives, who were paid for doing nothing, except to hide the cash, and/or "assist" in the fraud.
JIM[AC]O , I'm neither a lawyer, nor an accountant, but, I know too many of them. And, they all still work, because they all still need the daily cash-flow, so they can't be all that smart. I'm retired, and, since retirement, I always make more than they do, because, it the few years that I worked, I spent less, and saved more, and never unvested in pinky scams, or bought boats + planes + vacation villas.
Averaging-down is profitable, for shorters, only.
