Liquidators go through everything. Five toilet rolls in what was an 8-pack? Liquidate it.
IIRC, bankruptcy puts creditors in order, with employees getting whatever pay they’re owed first in line, then debtors, and whatever might be left goes to investors. When you paid 5 or 10 cents on the dollar, you don’t have to get much back for the deal to be profitable.
But what could there be to liquidate? Server racks? They don’t even own the offices, it’s all rented.
Liquidators go through everything. Five toilet rolls in what was an 8-pack? Liquidate it.
IIRC, bankruptcy puts creditors in order, with employees getting whatever pay they’re owed first in line, then debtors, and whatever might be left goes to investors. When you paid 5 or 10 cents on the dollar, you don’t have to get much back for the deal to be profitable.