Why I went to a bankrupt company

Article Abstract:

Handling a bankrupt company is a very difficult task to undertake however, the knowledge, experience and relief gained in preserving the company and its employees is valuable. Several rules and procedures need to be accomplished and every management decision must be precise so that the company will be kept operational and not suffer in paying debt and loans. A monthly report of financial statements, budgets, cash forecasts and several negotiations with the customers, employees, suppliers and regulators must be done so that the company's operation will not cease.

Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Mortgage banks, Bankruptcy, United Companies Financial Corp., UCFC

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DuPont tries a buyback

Article Abstract:

E.I. DuPont de Nemours and Co. is intending to dispose of assets bringing in insufficient income and use the money raised to buy back some of its stock, in an attempt to improve its financial position as the costs of its raw materials rise.

Finance & Stockholder Relations, Economic aspects, Finance, E.I. du Pont de Nemours and Co., Debt equity conversion, DD

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Running an antiquated company

Article Abstract:

The president and chief executive officer of Smith Corona Corp., Martin Wilson, has been tasked with keeping the company trading until a purchaser is found. The management of a company which is almost bankrupt is discussed.

Business Failures, Behavior, Smith Corona Corp., SCO, Wilson, Martin

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