That shouldn’t matter because of the sale, though. The company should still have the same amount of assets before and after the sale, assuming that it correctly valued its trade secrets.
True enough, but the amount of assets before and after the sale could be zero. In other words, if you have operating debts of $100k and a capital asset worth $100k, your net assets are zero. If you sell the capital asset for $100k and use that to pay off your operating debts you are still at zero.