I wonder how much Chapter 11 actually makes sense as a response to something like Covid versus a swift and merciless Chapter 7 and then rebooting the business o

I wonder how much Chapter 11 actually makes sense as a response to something like Covid versus a swift and merciless Chapter 7 and then rebooting the business once theaters are viable again. Assuming that a Chapter 7+then+future_reboot was possible -- who benefits the most from allowing the company to attempt to limp along until the pandemic ends intact? Are there a significant percentage of company employees who are currently getting paid with benefits during the pandemic -- or is this mainly about making it seem as likely as possible that the business will come back so that the current set of non-compensated employees will try to limp along on their own without pay in such as way that they will come back after the pandemic is over?