Just fyi: if they are running a psuedo-long con, which could probably be argued at this point, he could be found to have been in violation of his probabtion, even if they declare bankruptcy after september 15.  The court would look at the time the crime was done (if it is proven to be such,) so don't worry about these artificial dates.

I'm not saying they are doing anything illegal, but it does look more likely now... even so, the above would mean he could still be found in violation of his parole/probation.