Overall, once the value of the company drops below it's liabilities, the company is legally insolvent and will (should) end up in court with it's creditors.
Not to go off on too much of a tangent, lets say the company did become legally insolvent, or worse still, cease operating. One has to believe all of CHC's AOC partner companies are watching this and getting more than a little nervous.
Suddenly all those aircraft, pilots/engineers, equipment, etc.......gone....and I mean right now. Poof. What happens then?
And lets not forget the oil companies......can you imagine what is surely being discussed behind many closed doors right now?