Facepalm.That's entirely possible.I can't see any "loophole" in anything you mentioned. I suspect whatever you think is a loophole either you completely misunderstand or aren't thinking through properly.
The loophole I'm referring to is in paying yourself a large wage and then using personal effects to manage your company. If a person starts a company, awards themselves a bonus, buys a car, and then uses that car for company business, that car cannot be said to be purchased by the company and therefore not considered an asset, but (at least in Canada and the US) should the person's company go into bankruptcy, even if it is a Ltd, it might be deemed that the car was actually integral to the companies operation and therefore candidate for seizure. Or it might not, it's a case by case thing. If you start a home business and use personal finances to purchase a desk for your home and that desk is where you do all your work for the company then it has the potential to be considered a company asset and may be seized.
As I said, in the UK a company cannot just give an employee things, it either counts as earnings for that employee, or a perk, all of which has to be taxed by law. And in fact from a tax point of view, if you are an individual who owns a company, it's MUCH cheaper for the company to buy and keep things that are related and used for the company.
Personal assets you use for the benefit of your company are always personal assets. There is no loophole, if your company buys things it's your company's assets. And as I've said, it cannot just give them to you, it all has to be taxed and accounted for, and those accounts have to be submitted every year.
The only time a person's personal assets might remotely come into it, is where fraud has been committed. And we have this thing in the UK which you don't in the US (you have that stupid freedom of speech thing which allows nutters to blatantly lie about things like Obama's birth place or intelligent design being a scientific theory) called libel, which means if this board is located in the UK, the owners of it could be sued for not removing accusations of fraud aimed towards Craig, as could any residents of the UK who make those accusations.
Personally the only thing I see regarding the business dealings of Craig has been incompetence. And unfortunately because of those I still don't have a Pandora I paid for. :/
@aatu, thank you for being another voice of sanity!