Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
you know, the emerging economy in India has brought it`s own perils as well. The middle class in pursue of consumerism is always in need of more funds even without having their own surplus to dispense with. Here the private banks lay the trap. These days take a bus ride in any metro, semi meto or small town, the big hoardings inviting the borrowers from private Banks and few other financial companies , can not escape your notice. who are the takers? you and me or the people like you and me !
This paves the way for frauds to have boom in collusion with the agencies, which are engaged by the Banks to disburse the loans. The temporary employees o f the agency , does not look for the job security as it is not for them. So get rich quick is their motto. by hook or crook. Doing so , they bring troubles for may gullible citizens.How is it !
I shall let you know , next time.
This paves the way for frauds to have boom in collusion with the agencies, which are engaged by the Banks to disburse the loans. The temporary employees o f the agency , does not look for the job security as it is not for them. So get rich quick is their motto. by hook or crook. Doing so , they bring troubles for may gullible citizens.How is it !
I shall let you know , next time.
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