Gibson filed for bankruptcy protection, which means that although they are temporarily unable to pay their debts, they believe they can continue to trade at a later time, likely due to either new investments or otherwise cash flow, or a restructure to lower costs. It's almost the opposite of bankruptcy, it's a statement saying "we are not going bankrupt".
While going bankrupt.
it's complicated.
i've never been a fan of Gibson guitars, be it the look, the feel, or the sound, although the SG does play well. I like my Parkers, Steinbergers, a Yamahas, and some Ibanez too.