Well, so far, the news tends to disagree -- someone is willing to support DANA. Seems goofy, but that's the news in the iBOX. There must be people will to help out; thus could there be potential to be realized?
As for Delphi and Dura, well, why bother funding them? They are pretty much a waste and I wish them well. (Especially Delphi.) At least Dana has a chance to restructure and get out of BK -- who knows? It could easily be taken private after a buyout, or reissue new stock, or do a number of actions that banks and venture captial find interesting. Thus there is no reason at this stage to declare it dead.
We'll see how it plays out in court.
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