Sunday Standard
When Business Survival Is at Risk: Reckless Trading, Business Rescue and Liquidation
The current state of the economy has left many businesses across Botswana grappling with declining sales, delayed customer payments, rising operating costs, and increasing pressure from creditors. For most directors, the first instinct is to ride out the storm with the hope that the financial turbulence will eventually subside. What many directors fail to appreciate is that this is often the point at which the risk of reckless trading starts to emerge.
Financial distress often places directors in the difficult position of deciding whether to continue trading in the hope of recovery or to take steps to protect creditors from incurring losses.
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The post When Business Survival Is at Risk: Reckless Trading, Business Rescue and Liquidation first appeared on Sunday Standard and is written by Laurettah Sibanda
