Debt free? Bk lets you reorganize but its up to the judge to determine how much they are going to get away with. Who knows maybe all the profit for the next 30 years will be used to pay back the creditors. Mesa's proposal will not be what we read. Its just that. A proposal to the judge. And it will be modified. If mesa cant put forth a plan that will pay back the creditors and make money they may be forced into chapter 7.
Chapter 7 wish is out of the question and mesa has an extension with airways