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 global slowdown in economical progression is understood to have been caused by American recession. Well, most of developing countries on this planet depend much on American economy. After all America is the biggest importer of goods and service. What caused American recession is a matter of great debate these days. Recently I found some interesting reports hitting the headlines of some leading dailies. While surfing the net I stumbled across a site worldpress.com where renowned economist Prieu Du Pleissis blamed four factors for this development. They sound the same what most of the experts diagnosed. First of all , the slowdown in US economy though drawing attention in recent months but it started in no less than six years ago. The wages in US is traditionally high. There a taxi driver earns about $250 per day. Where as in India they earn in terms of USD about $5-6 only! Here is the key for the reason why US heavily has to depend on outsourcing. To remain competitive, most of the...