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    A friend of mine lost his shirt in just that way. A 50% owner of a company making production line machinery for car manufacturers, his bank put them into involuntary liquidation despite the fact that they had £42million in orders from Ford and VW. The stocks and equipment were sold off by the bank for £4m more than they owed the bank but the balance was more than eaten up by penalties due under their contracts with the car makers. Another customer of the same bank bought the assets and sold them on to the company's main competitor.

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