A termsheet had already been drawn up by the government and presented even before last Thursday's hearing. The creditors saw it for the first time on that day as it had been negotiated without them up to that point- This was before Trump's later comments about the DPA. Not sure what the hold-up is now, assuming the creditors and bondholders reach an agreement presumably the final hurdle is to figure out some other legal mechanism in which to push this through.

In any case, payroll will be due Wednesday and if liquidation is in the works then I'd imagine they'd want to pull the plug by then.