Unsecured creditors for AMR face "rough landing," expert says

Senior unsecured bondholders for AMR Corp., the parent company of American Airlines, could receive just cents on the dollar in the firm's bankruptcy, experts say. AMR holds more than $10 billion in secured debt. "Because there's so much secured debt, it implies that the unsecured debt is in for a rough landing," said Stephen Selbst, a bankruptcy lawyer.

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Wall Street Journal, The · Fort Worth Star-Telegram (Texas)

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