FTX and the Mongolks Bankruptcy

The goal for bankruptcy protection is to protect the company's assets against lawsuits. When like FTX everything is going bad you file for bankruptcy protection You reorganize the company so it can run again and make profits or you just liquidate everything and distribute all the assets equally into every single creator. So typically you will want to file The bankruptcy where the company has assets which would be at least the country where the company is Incorporated. We also want to fight for bankruptcy Recognition in the US to stop lawsuits in the US from taking assets indirectly If there's anything that could be taken from the US but a company for example that is Incorporated in Antigua, I believe FTX trading on