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The last people to be paid in a bankruptcy are the equity holders, i.e. the owners/shareholders.
Likely, there will be nothing left for existing owners/shareholders. Because if there was, the company probably wouldn't have been in bankruptcy to begin with.
And, to add to that, bky is VERY expensive, esp. a large Chapter 11. The fees involved are through the roof, attorneys' fees, accountants, other experts, consultants, etc. And they are all in the exact opposite position as the equity holders/owners. They get paid FIRST. And they are quite good at milking the bankruptcy estate for all it's worth, rarely leaving anything for anyone, esp. those last in line.
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