In the event that a corporation files for bankruptcy,bond trustees have the power to

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Bond trustees have the responsibility to safeguard the interests of bondholders in case of bankruptcy. They have the power to sell the corporation's secured assets and use the proceeds to pay bondholders. This ensures that bondholders receive payment before other creditors during the liquidation process. Bond trustees do not have the power to issue new bonds, recall outstanding bonds, or change the interest rate on outstanding bonds.

In the Event That a Corporation Files for Bankruptcy,bond Trustees