Your pay falls under your CBA so you are protected (the government protects you), Healthcare is the same as above mentioned, and your 401K is not tied up to bankruptcy, this is a different pot of money and the company can't go after it, again protected by goverment! They could alter your CBA and change your pay, the contribution amount to 401K and health care premiums but this has to be agreed upon by the union or would have to be left up to the judge under the 1113 process. This doesn't make you an unsecured creditor, now if you loaned the company 10 dollars and you don't have collateral like an airplane light build then you sir are an unsecured creditor. AE is not on the unsecured creditors committee on the AMR CH11 process. The unsecured creditors committee is made up of the largest creditors.