- Former President George W. Bush first used the term "orderly bankruptcy" to describe a plan to keep the American auto industry alive amid a global recession in December 2008, according to the "New York Times."
- An orderly bankruptcy attempts to keep large companies from failing. In the case of American auto manufacturers in 2008, the proposed orderly bankruptcy included restructuring payment plans to those related to the auto industry, such as dealers and parts suppliers.
- An orderly bankruptcy prevents a very large company or industry from failing, and hurting domestic and international markets, especially during already rough economic times.
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