It's a shame that there's not more reason applied in this industry. It's better, surely, for something to be salvaged; some jobs, an opportunity for suppliers to get business again in the future and the continuation of delivery for clients who would otherwise be thrown into a crisis.
There are business people who phoenix every few years and that is bad. There are actually quite a few laws and rules, but there are some very sharp advisers out there and people do abuse the system.
I think it's quite different when a firm's been going for 20 plus years. The owners may be trying to solve problems as best they can in a very stressful situation, with the backdrop of losing their life's work. Hysterical online communities send them running for the hills and closing down communication.
There's been a huge slowdown and banks consider this industry to be high risk, so funds are hard to get.
I just think that there's a big picture here and we need to think clearly and be fair to both sides. You won't hear the other side if you chase people away.
Finally, it will be very bad for this industry if companies aren't rescued and events get cancelled at the last minute. Corporates may think us all too risky.
