Hypothetically possible, in BK proceedings where fat can be trimmed and unwanted obligations ditched. Even the threat of BK might get certain creditors on board, but that doesn't allow you to do things like modify service contracts, labor CBA's, etc.

But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).