restructuring through bankruptcy doesnt actually dissolve the organization, it just changes how their debt is handled. it does mean, however, if they continue to fuck up, they will dissolve eventually
they mentioned they would be operating as a nonprofit which means that they cant take any political stances whatsoever (probably)
I think, they already try and claim they are non-partisan, They endorse and give money to Republicans in tight races and also endorse like a few safe democrats and give them something. Thatβs they kept claiming they are neutral/ non-partisan. I think (not 100% sure ) that allowed some privileges that partisan political orgs did not get (again not sure what those were but read this somewhere).