Is it better? Chapter 7 might recover 50% of assets. Chapter 11 the bosses still collect their fat cheques while time and lawyer fees suck up the remaining assets. Lord knows the time and money that will be spent deciding if users will get paid face value when they declared bankruptcy or the current value of the coins.
Time will tell as more financial documents get released but given all the lies up to this point and their preliminary asset sheet shows $1 billion worth of fake/questionable assets (eg. Cel token isn't worth anything when selling 90% of the pool will drop the value to zero) I suspect they just want it dragged out to collect a pay cheque
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