Yes, Creditors are people who Mtgox owes money (you've extended a line of credit of X bitcoins or fiat to them). This is really not a what if. The whole purpose of bankruptcy is because the entity can meet all its financial obligations, if the trustee could make enough revenue to pay all the users than company assets (bitcoins in wallet) would equal company liabilities (bitcoins that belong to users). After all the stuff is sold, and expenses related to the administration of bankruptcy proceeding is paid, the remaining funds is distributed in an order of priority to the creditors (so back wages normally have priority to other liability). Assuming all users are in the same priority level, it would be a safe judgement to assume that each user would get a percentage of the remaining funds = user's number of bitcoins / total number of user bitcoins. This is how it works in the US at least, I'm not versed with Japanese bankruptcy protection laws but assuming its similar, you'd be lucky to get a portion of the money you're owed. If I recall correctly, they owed about 700,000 in btc and they found 200,000, assuming no other assets / liabilities / expenses you'd get 28% of your btc/fiat back.

The pot is divided up proportionally to how much each person is owed, so everyone gets a fair share.

So you get $1 for every $5 you are owed for example.

In my experience a lot gets swallowed up my the trustees fees, and by lawyers chasing debts.

Although in this case I can't see what debts might need to be chased.

Almost certainly not.