No, I don't think Feb 1 is the magic date due to this court doc. It looks like standard legalese for the extension of DIP financing, where it says the order is effective on the earliest of one of the following three things, one of which is Feb 1, and the others have no date, including a reorg plan. I think that just means that should a plan be accepted PRIOR to Feb 1, it would supercede the DIP arrangements, but if there is no plan, Feb 1 is the date for the DIP arrangement. That makes sense, as if a reorg was approved, the DIP financing would no longer be treated as a DIP deal, because other arrangements, via a reorg, would occur. Just sayin'.
However, the good news is that Liberty is continuing to lend money, so, that would support a reorg as opposed to a liquidation. imho.