The assignment examines the collapse of several companies, including One Tel Phone Company, ABC Learning Company, and HIH Insurance Company, which led to their liquidation. The main causes of these collapses were inadequate corporate governance structures, poor financial management, and insufficient liabilities administration. Specifically, One-Tel's CEO had excessive influence on top managerial staff, leading to inadequate oversight and control. ABC Learning Company's resource capitalization was worth $25 million, but its benefits decreased by 42% due to irregular charges. HIH Insurance Company's bankruptcy in 2001 was attributed to a combination of factors, including poor post-acquisition integration and inadequate regulatory oversight. Overall, the assignment highlights the importance of effective corporate governance, financial management, and liabilities administration in preventing company collapse.