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Do you remember Dumbledore’s bird Fawkes. Fawkes was a phoenix. Every now and again, Fawkes would combust (set alight) and burn to ashes.
Not to worry, says Dumbledore. Just watch. And from the ashes rose a new bird, a new Fawkes
Hence the expression “??? rose like a phoenix from the ashes”
Now, back to company law! When directors put their company into an insolvent liquidation – effectively running away from the company debts – there was previously nothing to prevent those same directors starting a new company with a very similar name.
Thus, it’s like a new Dumbledore bird – it rises like a phoenix from the ashes of the old liquidated company
Is that ok?
(I just hope that you’re familiar with the Harry Potter books!)
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