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...
I don't remember the exact date, but probably it was in the month of August 1991. I was attached as a free lancer to a least know weekly “ The Democratic Forum” ; my fancy to give a try to my journalistic flair was the sole motive with that association. My editor, Late Mr M.L. Shah was the person who was encouraging me. That day he came to my office and asked if I was free in the evening. Fortunately I was and asked him back the reason. He said Mr Jyoti Basu would give a press conference at the press club, Kolkata and if I wish I could attend that. It was a pleasant surprise ; so I readily agreed. In the evening Mr, B.L. Shah of “Dainik Rooplekha” , a Hindi daily from the same stable of my weekly, fetched me from my office to the press club. We were early birds, outside the club , on the lawn people were sitting making circles and chatting with each other. I felt a fish out of water, as none knew me and so I. Turning to my companion, I found he was enjoying my discomfort! ...