Okay, so let's get a few things straight then.
1. This wasn't a "bond" arrangement.
2. Like waren9 said, this should NEVER have been endorsed by the AFAP. I'm absolutely flabbergasted if they supported it.
3. If the AFAP did in fact endorse this arrangement, the AFAP should bail out the entirety of the money owed by these pilots for providing stupid advice.
4. The receivers, most likely, won't have a bar of it and will wipe their hands of any responsibility, so expect nothing there.
Despite the fact that the AFAP allegedly supported the scheme, regardless, it is still RIDICULOUS that these pilots essentially personally secured a loan for the company on the premise of buying into a job.
Prostituting yourself to get up the ladder a bit quicker can leave you with a nasty STD. For those who resisted the dangled carrot, and told Brindabella to stick it, good on you.