First of all, you should be informed that Thai Airways is considered as a Thai national airline of the country and it is also a state enterprise owned by the Thai Government.
The rehabilitation or the reorganization before the bankruptcy court means the
Thai Government will possibly inject a lot of money into Thai Airways in order to carry on its business.
However, the Thai Government may decide not to inject money into Thai Airways.
If the Thai Government decides that Thai Airways should be privatize and to proceed for rehabilitation under the procedure of the Bankruptcy Court then Thai Airways will get an automatic stay to withhold paying its debts for a period of time. The debtors will control the company through the rehabilitation plan in which they will receive reduced payment to allow Thai Airways to carry on its business.