You think because they're legally entitled to it they deserve it or are you making a different point?
It's an interesting argument if you are. The law allows for all kinds of legal decisions which are morally abhorrent.
In Frank's case he probably had no emotional attachment to his house, it wasn't as though he'd cocked up a football club he'd claimed to have supported and loved all his life like a real football fan does.
Would Frank have taken all that money out of the club he loved? No, you would have to be a proper scumbag to do that.