Is bankruptcy just dealing with the already dead body?

I bet there is at least some corner case where an action of the state government made a company give up operating (like pulling a liquor license or whatever).

Bankruptcy is an accountant assisted suicide attempt.

Executing a corporation would be more akin to seizing all the assets, throwing the board and execs in jail, shredding any and all contracts, some high profile perp walks.

Now that I'm describing it... It'd look like a RICO case.

Trust-busting also comes to mind.

Name one corporation that is now no more because of trust busting, either partially or wholly.

American Shoe.