Can Gibson actually go bankrupt as such? Let's get real - Fender,Gibson & Marshall are the big hitters in this business - no one's going to let the Gibson name die out it's name alone can demand money. May get bought out at worse but they aren't going nowhere!
I think the result of this will be Gibson getting stronger and delivering a better product. They will be fine. They are a big company with a huge presence in the Guitar industry. They will most probably go through some sort of reorganization. Sell some assets, reduce debts through the court negotiation with creditors. They also own Epiphone and can introduce higher priced premium epiphones too But i expect as a result better Quality assurance and an improvement in not only service but the guitars themselves.
