Remember, the reason we are here, is this is not a "usual" ch 11. Usually in ch 11 the company is so upside down in debt, that the creditors get pennies on the dollar. That is because the company waited too long to file believing they could turn it around.
THis might be the only thing this management team did right, was to file before they also were deeply upside down. Although I can't give those guys any credit besides inventing the tech. They could not manage lemonaid stand....