First nationalise the legal entity so that the board cannot block the actions. Maybe pay a fair share of paid-for capital to employees, proportional to their pa

First nationalise the legal entity so that the board cannot block the actions. Maybe pay a fair share of paid-for capital to employees, proportional to their pays they earned for the last full payment period, as a severance (this might result in lower-than-minimum severance, but better than nothing that you would get in a regular bankruptcy). However, shareholders which would get more dividends than this payout should only be allowed to be paid up to a week of minimum wage in this severance payout, to avoid exit bonuses. Assets should be auctioned off in a quick increment auction, to pay for debts to outsiders, and IP rights to be available to public domain immediately before severance payout starts. If any surplus money remains in the final account, it should be transferred to the legislative to be used for anti-corruption investigations. The legal entity can be vanished after all these finishes.