But that's how they make their money. They "buy" these companies with borrowed money, hollow out the company for personal gain, and then let the company fold. The unsecured creditors can go whistle, but their "loans" are always secured so they get what they "loaned" in the first place.
Whole things stinks.
It is why so many of these companies are going bust. It's nothing to do with trading conditions- tough as they are- and everything to do with unsustainable debt repayments being dumped on them by asset-stripping venture capitalists.
This is why we don't have a robust layer of 'mittelstrand' medium sized businesses to keep the country ticking over in the same way that other countries do.
The ability to buy up companies using debt needs to be clamped down on heavily.