My point is that selling it off as a complete company or mini companies doesn't really impact the liability. Both would be possible. What matters from a debt or liability perspective is the terms of the settlement.
In reality, the company is probably worth more as a single entity, sorry I wouldn't be surprised if it stays that way. That would maximize the recovery of damages and repayment of debt.
My point is that the whole thing is sellable. Propbably with a new stock offering for the whole company as a single entity.
If there is a huge judgement larger than the market cap, the most likely oputcome would be chapter 11 bankruptcy wiping out the investors, and the company moving forward as a single entity with a new ticker and new investors
This is the best of all worlds because it maximises the money recovered for damages and debtors.
