It would depend on how the club is incorporated and lots of other stuff. Derry, as far as I know, was transferred to another company before the company that owned the club went into liquidation so it wasn't subject to a wind-up order from the courts, but Cork City and Shamrock Rovers had to be given permission to write down debts by the courts. Galway had to set up an entirely new club. I don't know what Shelbourne's precise situation would be.