The shameful thing in the way f1 is set up is that when a team fails, it's all their suppliers who take the hit. The f1 team just stops existing and all you are left with is a load of suppliers and former employees owed money for work they did properly. Money that should be paid to them from 'prize' money. Although as said earlier it's not really prize money, it's more of an appearance bonus paid to teams who were successful the previous year.
But the way this is set up and the way teams fail means that it will always be the suppliers who take the hit when a team goes under