That's exactly what I have been thinking about this sordid story.
Instead of a BK or buyout or merger or news of any value, just a long, slow, grinding silence lasting years so either the interest or seething anger just withers away into total meh due to unbelievable losses, the later which category I have "graduated" into. Just keep the lights on a few more months or years and nobody gets hurt (or litigated). Ouch.