Originally Posted by Kingfish

Many employees never get their last paycheck from an employer that truly goes under. When you talk about assets in the real world mainly you?re talking about real estate, and any remaining unsold inventory. The real estate is usually sold to satisfy the commercial mortgage holder and by the time that is done there is nothing else left. The unsold inventory usually goes back to the wholesaler/manufacturer as that stuff is usually isn?t paid for until it is sold. All that is really left after that is used fixtures and or used office furniture so the employees are lucky if they get pennies on the dollars owed.