2 ms·

Wouldn't maximum payment come from selling everything they have? At least for the debt holders who own unpaid contracts. Sell the furniture and the brand. Distr

• pjc50 3y ago
  The liquidation value is usually way less than the "going concern" value. Mind you, there's also the "flatpack" version where the company technically disappears but all its assets are bought by a different company that just happens to be run by the same people. Ultimately there's nothing hugely bad about the lessors getting stiffed in the bankruptcy - at least they still have the asset! Suppliers often end up worse off if they've shipped actual goods but not had their invoice paid. This is why landlords do credit checks and ask for deposits.