To restructure he wouldn’t necessarily need to sell: basically, Twitter would put out a restructuring plan that shows how they’re going to fairly pay creditors

To restructure he wouldn’t necessarily need to sell: basically, Twitter would put out a restructuring plan that shows how they’re going to fairly pay creditors and bring the business back to profitability. Sometimes that means reducing operations and selling off parts of your business. It often means creditors taking a haircut - because 25% or 50% beats 0%. This often comes in equity in the restructured company in exchange for creditors waiving their claims. Here’s the rub, though: in chapter 11, the courts have a huge role. They approve your restructuring plan only if it’s fair to your creditors. They have to green light quite a few actions you might want to take in the course of running your business. They might form a creditors committee out of the people you owe money to and take their advice on decisions. It’s a long and drawn out process that requires calm leadership willing to work with ones “adversaries” to come to an agreement. And no matter your opinion on Elon, positive or negative, I doubt many people would say his reign at Twitter suggests he’d do that.