What are a General Contractor’s Rights and Responsibilities When a Subcontractor Files for Bankruptcy? One critical misconception is that a subcontractor’s bankruptcy means that it is going out of business. A bankruptcy by a subcontractor may actually be the method by which the subcontractor continues to operate. For many businesses, the legal process of bankruptcy…
Category Archives: General Contractor Law
General Contractor Law – Creative Arrangements to Reach the Finish Line
The Risks and Benefits of Contractors Taking “Equity” In the Project In An Effort to Get Paid and The Use of Non-Traditional Litigation Strategies. 2008-2009 bore witness to the unimaginable. Contractors who worked hard on a Project to deliver a quality product to the Owner, faced the prospect of lender defaults. The prospect of either…