That's just silly. In the highly unlikely scenario that VBDG "went bankrupt," it would be an reorganization. Only liquidiation bankruptcies, which is stupid to suggest since VBDG had an operating profit last quarter, would have assets to pick through.
A large company like Telebrands would love to buy out VBDG IMO since it had an operating profit last Q and has retail relationships & new product lines that a "bankrupt company" couldn't possibly maintain.
Speaking of which, VBDG should be getting $1 million+ bucks soon owed to them from NFI -- a debt that they wrote off and isn't on the balance sheet.