This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It does not matter if Sirius (SIRI) goes bankrupt now. And, rumors are that the satellite radio company will file Chapter 11 this week, perhaps falling into the hands of satellite TV firm EchoStar (DISH)After the rumors of a bankruptcy hit the market last night, Sirius shares dropped to under $.07. Eight years ago, the stock was over $50, so its valuation was about what Apple’s (AAPL) is now. Given what a high flier the company was just a few years ago, a Sirius bankruptcy will be a spectacular media event.