Now it's pretty much certain there will be a bankruptcy for Forever 21. The question remains about what kid of BK is this going to be, how will we navigate legally. Also, the question that lingers is how many stores will be closed, how many Forever 21 employees will lose jobs if a bankruptcy path is chosen.
I think most people working in stores do not care, there is a ton of part time folks, a lot of students, etc. they typically do not care much, this is true for most retail companies not only Forever 21. When it comes to corporate and store mgmt staff, things are different as these are careers for many people and many of them are supporting families on Forever 21 salaries.
I honestly hope things will work out fine and that Forever 21 will be able to avoid bankruptcy, but you never know. Be ready and good luck.