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
The disbursal and recovery of loans by private banks Here, in India the emerging economy, the consumerism have opened the floodgates of demands. Specially of consumer durables, real estates even foreign tours are undertaken while raising loans. Here comes with ready cash the private banks represented by their hirelings (read agents not the employees). Most of them with hardly loyalty to the bank, try to disburse the loan with scanty verification or no verification in a bid to earn commission. For this they enjoy the patronage of the bank officials sometime who are hard pressed to meet the target. A lot many bankrupts thus manage to take fresh loans suppressing their true credit worthiness. As a result the problem starts at the time of recovery. This happens mostly when the loan is disbursed to a man at least who really he is. He faces the music what may not be practicable in civilized world. Engaging goons in the guise of recovery agents is a common practice h