That's interesting. What is the expected method to emerge from bankruptcy, or at least protect investors and creditors, if a business must cease operations? My

That's interesting. What is the expected method to emerge from bankruptcy, or at least protect investors and creditors, if a business must cease operations? My intuition (and the presumption in the U.S.) is that a market position allows a business to dispose of inventory in normal commercial channels more profitably than auctioning it at wholesale in a Chapter 7-style liquidation. Hence first-day motions in U.S. bankruptcy courts. (Disclaimer: I worked on the Lehman Brothers bankruptcy but did not represent any U.S. or U.K. subsidiaries.)