"If there is money left over to pay shareholders, it will not be there right away. Publicly-traded companies tend to be large and complex, and it takes time to liquidate all assets. In addition, money is paid to creditors in the order listed above, from government to common shareholders. Often, those shareholders lucky enough to get some payout will see nothing for over a decade.
And
"Even when there is some equity left over for shareholders, the value of their stocks is severely diluted."
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