When a company is in "default" because it can't afford to pay an attorney, there will necessarily be a default judgment. At that point, plaintiff, as he demanded in the Complaint, will ask for a receiver. Since the Company averred they only have $1,200 and since they can't pay for legal counsel, the Court will most likely grant the relief.
You can predict results in a legal case when there's only one party. In that case, the plaintiff controls the deal.
So your next President will be Big John and this will sell prison clothes.