I would caution anyone about getting their hopes up that's looking forward or counting on getting and substantial return from a bankruptcy filing. When the creditors or representatives of the banks are at the proceeding, they take the majority. And before them is anything that was secured debt. As a customer (no matter how much you paid), you usually have to wait until everything is liquidated (I'm talking like the pen holders on the desks), which is then divided to everyone else. Chances are high that you will get pennies on the dollar unless you are near the top of the list of creditors on the bankruptcy statement.

I got stiffed back in the dot com days when all sorts of stuff went belly up and I was owed tens of thousands. So, I would just caution on making any plans, your best bet is getting a lawyer and go to the proceeding.