Just bought akf at 4.35, akf is abk\'s senior bond, I also have some leftover abk shares, so I am betting on a quick prepackaged bankruptcy. Those who are relying on fixed income are dumping akf now since it is uncertain now when they will be able to get next interest payment. There maybe still a couple of months before abk enters BK, a lot of things can happen in between.
On professional market, abk\'s bond is still fetching good price:
http://cxa.marketwatch.com/finra/BondCenter/BondDetail.aspx?ID=MDIzMTM5QUU4