So now one of 3 things is going to happen:
1) The judge will grant his bankruptcy and Ross Baby Mom will be the eventual owner of SMS audio
2) The Judge will deny his bankruptcy and he will just outright have to sell all his houses, cars and business assets ASAP to pay his debts.
3) While the Judge is determining if they will grant the bankruptcy, they do a deep forensic analyst of his financials, finds he's hiding money / "shuffling", as Judge Mathis would put it, and he ends up in jail for 10 years.
At this point, it's not if, but when, one of the above things will happen...