If a plan cannot be confirmed, the court may either convert the case to a liquidation under chapter 7, or, if in the best interests of the creditors and the estate, the case may be dismissed resulting in a return to the status quo before bankruptcy. If the case is dismissed, creditors will look to non-bankruptcy law in order to satisfy their claims.
Translation, any debt remaining for DLIAQ is still remaining, there is nothing good that came out of this. Doesn't matter anyway since they already liquidated and don't even have rights to the brand anymore.
