Deferred Revenue in Liquidation

Don't know if this is the right forum for this topic.

When you're dealing with a Company that will be liquidated how do you treat deferred revenue accounts in that liquidation?

Lets use the example of a video game publisher that books online subscriptions as deferred revenues.

My thoughts are that you wouldn't use assets to service those liabilities because odds are refunds are not going to be offered for subscriptions. So, if I subscribed to Xbox Live for $200/year and get 6 months through it and then the service is shut down, should I expect the company to refund me for the extra 6 months or am I out of luck?

Alternatively, would it make sense that a company going through this sort of liquidation would just suspend NEW subscriptions and keep the services running until the current deferred accounts have their time rendered?

OR would the company just bump those liabilities up to accounts receivable during liquidation because it doesn't really matter anymore that they don't recognize a full 12 months of subscription revenue up front since they're liquidating?

Would the prudent thing to do just to either wipe those liabilities completely and assume they go to 0, or give them a haircut and assume something like 25% will need to be serviced?

Thanks