I don't understand why they don't go through and pay everyone in equal proportion to what they currently have. Eg. 100 in total liabilities, they have 25 curren

I don't understand why they don't go through and pay everyone in equal proportion to what they currently have. Eg. 100 in total liabilities, they have 25 currently, everyone gets 1/4 of their total balance. Seems like the most equitable way to do it.