Original Message

Totally depends on what type of bankruptcy they choose:  pre-packaged, pre-arranged, free fall.  And if they want to impair claims and have a creditor committee, which takes longer and costs more for lawyers, etc.  For AMC, harder to get rid of CBA which has specific protections in bankruptcy code.  For GMR time will tell, but any payment due will not be protected if they want to get rid of it.