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Bankruptcy Trustee Sues Chinese Over Solar Panel Dumping

Green Building Law Update

Before the Energy Conversion Devices bankruptcy, it was a major player in the commercial and industrial rooftop solar market, achieving over $1 billion in sales employing more than 2,500 people before February 2012 when the company sought bankruptcy protection and ultimately was forced to liquidate.

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How To Protect Your Construction Company From Bankruptcy

Contractor Bookkeeping

Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. You must have more money coming in than is going out, or you're on the express train to bankruptcy. Poor cash flow Not bringing enough money in is the main reason why businesses fail.

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What can be gleaned from 2018's highest-profile construction bankruptcies?

Construction Dive

Causes of last year's significant bankruptcies varied, and though some were beyond contractors' control, there are lessons to be learned.

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McDermott exits Chapter 11 bankruptcy

Construction Dive

The reorganization eliminates $4.6 billion of debt and provides the energy contractor's management with 7.5% of newly issued equity.

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Another well-known retailer files for bankruptcy: Here's the solution to more empty anchor stores

BD+C

Last month, one of the world's most well-known retailers filed for bankruptcy. Barneys is among dozens of other retailers filing for bankruptcy this year. Barneys is almost 100 years old and will close 15 of its 22 stores as part of a major restructure, and they aren’t alone. The solution lies in repurposing existing square footage.

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Avoid the Legal Woes of Multifamily Construction with Notice and Arbitration Provisions

Construction Business Owner

The project, which was completed six years ago, was a virtual encyclopedia of what can go wrong during construction—unexpected soil and groundwater conditions, the bankruptcies of two major subcontractors, and struggles in executing a design advertised as cutting-edge.'

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McDermott requests $105M of executive, staff bonuses

Construction Dive

The energy contractor, which filed Chapter 11 in January, has asked a bankruptcy judge for $26.8 million in total incentives for 13 management team members with the rest intended for 1,112 other key employees.