THE EMERGENCY OF THE INFORMAL RE-ORGANIZATION

THE EMERGENCY OF THE INFORMAL

REORGANIZATION

It was the restructuring of the federal Bankruptcy Act of 1978

that gave rise to the crisis manager who knows how to forestall

bankruptcy and liquidation. The 1978 act recognised that we will

in a credit-intensive society and that people and companies will

get into trouble by borrowing too much money. Creditors no

longer want to break the trading bench of debtors – the word

bankruptcy comes from the Italian banca rotta, “to break the

bench” – but to recover some of their money through the

reorganization and rehabilitation of troubled companies.

Extracted from a book titled: RECESSION BUSINESS STRATEGIES by Prof John C. Mbuya

Available from the following bookshops:

http://www.amazon.com

http://www.amazon.co.uk

http://abebooks.co.uk

http://www.exclus1ves.co.za

http://www.kalahari.co.ke

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http://www.booksprice.com

http://bn.com

http://kalahari.co.za

 #Turnaround #crisismanagement