The ECHL should probably revoke Afr's franchise at the end of the season. Given the history of this clown and the recent events, the league could probably find a legitimate reason very easily.
The league could then issue a new franchise (legal entity) to someone-perhaps Mr. Moneybags of the couch cushion wealth

which would continue play at First Arena. Of course, there are probably many issues surrounding the arena lease which could make this very messy and could possibly negate the issuance of a new franchise in Elmira.
This actually happened in Dayton about 10 years ago. After going to the league finals in 2002, owner Jean Gagnon didn't even pay his players their playoff money. He stiffed a number of suppliers as well. The league then revoked Gagnon's franchise and a new franchise was issued to Tim Reilly and the team retained the use of the Bombers name and logos. Gagnon didn't put up any significant fight to stop the league from doing this as best I can recall.
Tim Reilly ultimately sold the team to Papista/MacAdam two years later.