A bankruptcy case may allow for full explication of the political funding angle. I always tell my clients not to take that step lightly. You enter the jurisdiction of the bankruptcy courts and the USTP (US Trustee Program - a division of the DOJ) will examine your financial history with a microscope. Often times when you see a business headed for bankruptcy that chooses receivership instead, it is to avoid this scrutiny. In a situation like this - with the bottom falling out, they may not have had the time to choose otherwise - I look forward to what is dredged up and made public.
Thanks! Bankruptcy courts are highly variable across America. In some NE cities it’s a big (connected) club of judges, lawyers, court personnel. You go there and your (connected) lawyer will be negotiating with them all. You might be put on the hook for a case of Scotch every Christmas for your judge. For the next 20 years or until he croaks.