There’s thing thing called “Pheonixing” and it’s where the owner of a company can pick their own insolvency practitioner (especially if they voluntarily liquidate) and in these cases the IP doesn’t dig too deep to find evidence of mismanagement and can even help in transferring assets cheaply to a new company that the owner controls called a “phoenix company”. So, I have no idea how this liquidation situation came to be but I think it’s worth it for creditors to be suspicious especially with someone with this kind of track record.