Brian Van Fleet
Pretty Fly for a Bonsai Guy
I doubt i will be able to remove a lot of soil without cumbing the roots i will need to root bare it and probably break a few.
What are the survival chances if i do it now?
can I still layer it ?
Survival chances are low if you take most of the advice provided at this time, and even lower if you're new to this. You came asking what to do with the tree, and you have received plenty of responses to that question. All are valid responses of what you could do with your tree.
The better question is, "Should I do anything to this tree now?" The answer, if it's my tree, is no. They can live for years in poor soil, but die in weeks when you work the root system at the wrong time. Use this year to learn how this tree grows, learn how to water it (aerate the soil if necessary, and add drain holes in the bottom of the pot), slow down, and get to know the tree. There is no need to chop it down, layer it out, root prune it, or change the soil...now.
You spent a lot of money on it. Take your time. Turn it around, study it, find things you like about it and identify things you'll want to correct later. Picture what it's going to look like in 5, 10 years and what it will take to get you there. Then...when the timing is right, do the work that's appropriate for the season.