Will BP file bankruptcy to avoid restitution?

The bills for BP are piling sky high, just like the oil on Louisiana’s beaches. will BP pay the bills or will BP file bankruptcy? i feel that BP and BP alone should bare the entire cost of the oil cleanup, plus the lost wages of fishermen and vacation resorts located on the effected beaches. Can BP afford to make these payments? should BP not be allowed to file bankruptcy, but instead, sell its stores in order to do the right thing with the animals and the public and make restitution?