Community bankruptcy

Hi, does anyone know what happens when the community is bankrupt. I have a studio I use for holiday. It seems the administrators have said we are bankrupt. The electric and water needs to be paid. We do not have separate meters for water or electricity. I believe each floor has a metre. We pay the electric and water and community charge every month. However, some people do not pay. It looks like the energy company can cut the electricity to the whole building if bill not paid. We have asked to see income and expenditure of community funds. However, that will not change the fact that the community is bankrupt. Anyone know what might happen.