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With large debts but meager sales, many developers are facing severe cash flow problems.
That the problems were endemic became evident last spring, when NexCen said it faced a severe cash shortage.
General Development filed for Chapter 11 bankruptcy protection on April 6, maintaining it had a severe cash shortage.
But good intentions are frustrated by erratic official policy, a severe cash shortage and strict labour laws.
A new, government-appointed Satyam board met Saturday to discuss how to alleviate a severe cash squeeze at the company and to fill the vacant management positions.
This was bound to end in disaster, and when the art market crashed in the fall of 1990, both companies found themselves saddled with severe cash problems.
Similar(8)
"We are in a severe cash-flow crisis," Mr. Trafford said.
I had a severe cash-flow problem: I had tallied all my bills and realized that my dwindling checking account wasn't going to cover them.
For Jean Naples, a homemaker in Doylestown, Pa., it was the "despicable" way the shutdown disrupted funerals for military personnel killed overseas and the way her husband's medical supply business had suffered a severe cash-flow problem during the shutdown.
Since March, the mayor's office has been under the control of Kevyn D. Orr, a bankruptcy lawyer who was given broad powers under Michigan law to fix the city's beleaguered finances, which include severe cash-flow shortages and long-term obligations of at least $15 billion.
Who will the government pay in a severe cash-strapped scenario?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com