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 deep recessionary trend world wide is taking its toll in developed as well as developing countries. If recession has put thousands of people out of employment in the recent history of United States; so with many other countries in the developed word. The developing countries like Russia, Brazil, China and India are yet to feel the full blown pinch. But the sinister sign is everywhere visible. In India, already the there is slump in demands in infrastructure, automobile, steel sectors are visible. Not mention about information technology sector, India's most emerging and earning in terms export sector. This year number of companies have stopped fresh recruitment, many have shown the pink chits to their employees, albeit in a limited scale. But the uncertainty in future is a certainty now! Every pundit or Guru is forecasting India's growth slump in tandem with global recession.