Chemtura Corp (fka CHMT)

[fisherman2009]

This is going to sound like a stupid question, but being a novice investor I am confused about these 2009 bonds. These bonds matured in July and had to be paid off, which was the primary driving factor behind bankruptcy. I don't understand how these 2009 bonds can still be trading? I thought once they became due trading stopped on this particular issue of bonds. When Chemtura gets around to paying off these bonds how much will these bonds cost them? Chemtura as I understand it is liable for $370 million on these bonds plus interest. Has this amount increased in anyway? Are the 2009 bonds currently trading the same as the ones they defaulted on? Like I said these are probably dumb questions for you guys, but I'm a little confused about these bonds and would appreciate it if one of you experts could provide me with some insight on this subject. Thanks!