Question 1: $\phi$ can be anything. If no truth assignment satisfies $\Delta$, then there are no truth assignments to check whether they satisfy $\phi$. Another way to say this is that an unsatisfiable $\Delta$ logically implies any $\phi$.
Question 2: $\phi$ is a logical truth, for example, "$p$ or not $p$". Every truth assignment satisfies the empty set of propositions, so that if $p$ is entailed by the empty set, than $p$ holds under any truth assignment. So $p$ will hold no matter truth values we assign to propositional variables. In fact for a connection with philosophy, the logician Alfred Tarski in the early 20th century defined the philosophical concept of a "logical truth" using this model-theoretical definition of a statement which is implied the empty set.
The answers to questions 1 and 2 are two extremes. If we make $\Delta$ very large, the set of truth assignments satisfying it will be as small as possible, and then the set of $\phi$ following from $\Delta$ will be as large as possible. Conversely if we make $\Delta$ very small, the set of truth assignments satisfying it will be very large, and then the set of $\phi$ following from $\Delta$ will be as small as possible, the set of logical truths. Hope that helps!
"... any interpretation makes φ true, i.e. ⊨φ." How an interpretation can makes φ true? My understanding from Stephen Kleene "Mathematical Logic" that ⊨φ is true iff is true for every interpretation. – Victor Victorov Apr 15 '13 at 12:45