The CEOs would be screwing themselves over if they did that. If they want to hide behind bankruptcy protections, they can't go screwing over their creditors by destroying the assets that they're legally required to liquidate to pay the creditors back with.
The CEOs would be screwing themselves over if they did that. If they want to hide behind bankruptcy protections, they can't go screwing over their creditors by destroying the assets that they're legally required to liquidate to pay the creditors back with.