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...
Indian stock market is confused due to one after another global developments as political crises in Egypt, Libya followed by many other small countries in Africa and middle east. As usual immediate result is reflected in oil price soaring high. The Global market has been waiting apprehensively to what happens next. But contrary to the direction of expectation, came the bolt from blue, Tsunami in Japan ,leaving it in devastating stage. w hat is further shocking, the damage of nuclear plants! Reports suggest that Japan is worst hit than ever. So the Japanese economy too; the market waits anxiously, the indexes are plunging all over and India is no exception. Here I remind you lessons from history. Though it's ironical but global economy always looked up after the destruction or damage due to war or natural calamities. As immediate after the chaos is over the reconstructions start. Of-course this depends upon individual countries economical health. But Japan being one of the most d...