Fill me in. What is the obvious benefit? If everyone claims the company is worthless and this is true, then forced bankruptcy by the creditors gets them nothing. Now the league voluntarily filing would make some sense to avoid creditors.
This is your post: "the clock started ticking on this one today. WHKA is being forced into involuntary bankruptcy by the creditors. Its been filed in Michigan BK court. ricky has 30 days"
So what is in it for the creditors of there is nothing to get?