Listening to latest court hearing audio (mp3 attachment in Docket 340), there is $93K in the estate now and $126K coming in imminently.  Since it is in chapter 11 (restructuring), this allows $219K to be split between the administrative claims (more than $1M is due to attorneys) and leaves absolutely nothing for creditors.  Did I understand this correctly?

If this were chapter 7 (liquidation), then would the $222K be split across all creditors including attorneys (attorneys don't get paid first)?