Phal NOID - strange growth

[bil]

Originally Posted by veda.maas

It was my very first orchid, so a bit sentimental.

This is the rest of the plant. It has lost it's two big leaves, so this is what is left.

Thus, remove all leaves and plant the new growth?

In your shoes, if I wanted to save it, I would leave it as is, and pot it up in bark. I cetainly wouldn't remove the leaves, as they are feeding it.
I'd put it in a place where it wasn't exposed to too much drying agents, and mist it every day so that some water runs down into the root area. It might survive, it might not.