Xela out of compliance n will get delisted on 08/08/22

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Exela Technologies Inc​xela is out of compliance since 02/08/22 with nasdaq and that gives 180 days to get back in compliance which is 1$ a share or they get delisted on 08/08/22. now my question is if they get listed and file for bankruptcy then all the bag holders are screwed big time by the company itself. I'm looking at many companies in the past who did this like Kodak sears etc once they got delisted and were trading OTC and then filled bankruptcy. where do all the bagholders stand at this point​?