They are already guaranteed.
Sort of. The entitlements are capped so for any pilot you will not be getting 100% what you are owed. The government pays up to the cap then you have to apply as a creditor for the rest of what you are owed, which will end up being peanuts I'm guessing.
Makes a certain member of the executive teams $9 000 000 bonus last year just because they bought back their amazing Frequent Flyer program look pretty galling. I wonder what they value it at now?