If it's anything like bankruptcy in the UK, it will go to the subset of the "victims" who have the best lawyers.

Fees for Lawyers and accountants dealing with the bankruptcy will be deducted first. Any money owed to banks will be paid next. If there is any left, it will go to pay any taxes owed to the government or the local authorities. Eventually whatever is left will be divided proportionally between whoever is left owed money, but this will probably be a tiny fraction of the amount they are owed, if anything at all.