Emergency Cash Management

David E. Vance ()
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David E. Vance: School of Business Rutgers University

Chapter Chapter 15 in Corporate Restructuring, 2009, pp 233-241 from Springer

Abstract: By the time a new CEO or turnaround consultant is hired, a company is probably bleeding cash. Cash is the life blood of a company. If a company runs out of cash and cannot make its payroll, defaulting on bonds will look like a minor inconvenience. Emergency cash management is about stopping the bleeding and finding immediate sources of cash. This means swift, decisive action and shared sacrifice. If a new CEO or turnaround consultant isn’t given prompt and unconditional support in doing what it necessary, a company on the edge might collapse entirely.

Keywords: Cash Flow; Trade Creditor; Collection Agency; Pension Payment; Cash Outflow (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-01786-5_15

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DOI: 10.1007/978-3-642-01786-5_15

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