Series: How to Read a Bond Indenture — A Value Investor’s Framework Introduction Most investors assume default is a single moment: The company misses a payment.Bondholders take control.Recovery begins. That assumption is wrong. In reality, default is a process, not an event. It unfolds through notices, cure periods, voting thresholds, trustee actions, and legal constraints … Continue reading Post #8 — Events of Default, Acceleration & Trustee Powers: What Actually Happens After a Breach