Someone correct me if I am wrong, but in a bankruptcy proceeding, wouldn't the assets of Boeing be sold off to the highest bidder? In this care, the core of Boeing can still continue. The new owners would more than likely find a way to make the selling of parts profitable, and perhaps continue to build the most profitable planes that are still being produced. (well, other than that Max disaster). Even the factories might be able to be bought for pennies on the dollar so production might be able to continue. The best employees can be re-hired by the new owner, and any of the left over unproductive parts of Boeing are shed in the bankruptcy.
Is this how it will all work?