Not really in financial troble, from what I hear, it's more to do with getting a tranche of payments owed from the bank.
ATP's are behind schedule, but the sheds and 748's are making money hand over fist.
If anything is going to get Emerald, it's the apalling relationship between management and crews/engineers. Many are totally fed up and looking for a quick exit. Long term this can only hurt the company, but both sides are up for a totally unproductive fight which now seems inevitable.
A real shame since Emerald could be a brilliant company, but unfortunately due to one individual it will remain a tin-pot operation.