In personal bankruptcy can my company be cleaned out?

[Adecco]

I have a one man band limited company for which i am the sole director. (I'm an IT contractor)I am then entitled to pay myself a salary and dividends from this company.

I have a sum of money in the company.


In the event of bankruptcy from personal debt, would the banks be entitled to the money i personally could extract from the company?
Or is it considered a separate entity entirely? (meaning they would not have access to this in the event of bankruptcy)

 

[DB74]

I'm no expert on bankruptcy but if you are a shareholder in the company then your shares have a value depending on the assets & liabilities of the company so I don't see how this can be left out of any bankruptcy proceedings TBH.

Also, you cannot be a sole director of a company as every company needs at least 2 directors. You could be the sole shareholder however which is maybe what you mean.