Perhaps I'm being naive, but wouldn't the court look into this before allowing the Chapter 11? If it were clear that HF could not come out of this scenario solvent and in line with creditors then I'd imagine the logical process would be liquidation. I can't imagine the court granting Chapter 11 if these numbers were true unless HF receives the funds it would need form an outside source.
That's my understanding too. If they can't present a credible plan, they go into liquidation.
I imagine that Eddie's getting ready to board a flight to Venezuela or wherever he came from (I don't personally know where). With his credentials maybe Maduro would be interested in hiring him.