During the recent U.S. recession, some large automakers required bailouts from the federal government to avoid being forced into bankruptcy by their _________________ .

Question

Quizplus · Accepted Answer

During the recent U.S. recession, large automakers faced financial distress due to their obligations to bondholders, among other reasons. Bondholders hold debt issued by the company, and if the company cannot meet these obligations, it risks bankruptcy. The federal government provided bailouts to help these companies manage their debt and avoid bankruptcy.

During the Recent U