This is a chapter 7, dissolution, not a chapter 11 restructuring. Assets to be sold, likely to Toshiba.
I expect more of these from other vendors. SSD space has been needing a consolidation for a while. STEC purchased by WD, Smart by Sandisk has removed most of the high end of the market from the startup side. Pliant was grabbed by Sandisk previously. Whom else remains?
On the low-midrange of the market, you have Intel, Micron, and a few others. I would expect to hear more about acquisitions or liquidation/sale of assets pretty soon.