Maybe Meng can buy Gibson now? You never know. Meng has revived other brands before...
Whatever happens, the Gibson brand itself will survive this, they'll restructure, etc... it's an American institution, so it'll survive... but not all the brands that Gibson owns will make it through unscathed... unfortunately, it will be painful for a lot of people.
Having said that, it's good IMO that Cakewalk was bought by BandLab when it was, escaping the sinking ship before chapter 11 -- who knows how the bankruptcy process would have impacted Cakewalk... it might not have survived, or been delayed, or there would have potentially been a messy transition as someone else bought the Cakewalk IP -- as devs like Noel would have likely already moved on to other jobs.... Cakewalk might not have made it through with such flying colors as it has so far. Sort of a miracle that Meng was able to buy the Cakewalk IP and pick up key staff before they scattered...