Does voluntary liquidation mean personal bankruptcy? Or is this at the corporate level (i.e. your Ltd company)? Who owes the debt - you or the company? HMRC debt might also be harder to get out of.<p>In general, corporate bankruptcy tends not to be a big problem. Personal bankruptcy, well, you become toxic to banks. It usually doesn&#x27;t matter much to angel investors, but it can be a problem when trying to secure debt financing through traditional channels. It can however become a problem trying to secure personal stuff like credit cards or mortgages.<p>It&#x27;s a good idea to talk to a lawyer about this.