But deleveraging in this manner creates a lot of collateral damages beyond direct investors and shareholders. There are unsecured creditors such as landlords who might have to forego back rent or accept pennies on the dollar. Claimants such as Cineplex, which is hoping to use the Cineworld judgement to balance its own books, would be some of the last to be paid out, possibly leaving them with little to nothing. Meanwhile, there were more immediate casualties to the news of a looming Cineworld bankruptcy. Shares of public cinema operators were down significantly on Friday including AMC, sinking 8.6%, and Cinemark, dropping off 3%. Cineplex fell 3.8%.