Don, I hope she will do all of that! I am certain that she could. The Tribune judge is just next door to her courtroom, and I would think they have occasion to chat...maybe he'll encourage her to do the right thing and be strong and bold about it.
That's why they Short / Naked Short these companies to death (go through collusion with other Hedgie groups) and force otherwise solid companies out of business so they can scrape the carcass clean in BK process as you suggest.
It's a Rigged Game and the plans for the final outcome are known from the get go.
There are very few people left in America that make Big money while taking on real risk. Rigged to the hilt. End Result known before they move the first piece into place.