After reading a few different articles on the process I can't see it being anything more than a really complicated negotiating ploy.
I just want the NHL to come back - but not at the expense of having a league that is a free for all like that soccer crap overseas.
If it's a strange legal step that expedites finding a resolution then they can go crazy.
If it "actually" means they will end up creating free agents galore and going to the highest bidder etc then I am done with the NHL completely. I have sat through two decades of garbage hockey as an Oiler fan and to think that those players could suddenly just be tossed into the open market and picked up by the New York Rangers and Toronto Maple Leafs at exorbitent salaries while I have to watch the early 90s all over again - it's not happening.
It would kill the fanbase in most cities.
Now, realistically I can't see the situation ever getting that far, so hey ... why not. Fire away ... do what needs to be done, and let's get the teams back on the ice.