It may be true that the employees are the only stand alone group that can block a DOCA. That’s immediate liquidation. So it’s a pointless consideration. Why would they?
Sadly the same group with a debt of 450 Million do not have stand alone power to ensure a successful DOCA.
Many possible scenarios and all very speculative but by way of example, all it would take to send Virgin into liquidation is ~ 35% of the secured creditors debt along with the 6000 bond holders 2 Billion debt blocking any DOCA by value alone.
Anything is possible. Let’s hope for the best.