> So in practice, even selling it off would produce zero or negative monetary return once debts were settled In New Zealand that shouldn't happen, because dire

> So in practice, even selling it off would produce zero or negative monetary return once debts were settled In New Zealand that shouldn't happen, because directors are legally required to keep a company solvent. * cashflow solvency: pay company debts as they become due * balance sheet solvency: company assets exceed liabilities (including contingent liabilities). * directors might become personally liable if the company's solvency test is screwed up