Construction Dive

MARCH 6, 2018

The filing comes amid lender claims that 550 Seabreeze Development has defaulted on a $36.9 million mortgage loan on the Las Olas Ocean Resort in Fort Lauderdale.

Bankruptcy 48

Bankruptcy Florida Claims 48

Construction Dive

JUNE 19, 2018

A trustee in the case of MGT's Chapter 7 bankruptcy has asked the court to consider that the company may have more than the $50,000 in assets it claims.

Debt 48

Debt Bankruptcy Legal Claims 48

Green Building Law Update

JULY 19, 2015

Despite that relatively simple procedural history, much has been written about the case, largely overstating an allegation in the counterclaim that claimed, “10. In advance of arbitration, the disputes and differences were resolved between the parties and a stipulation of dismissal was filed in June 2007. tax credit certificate.

Green 120

Green Maryland Lien Certification 120

Green Building Law Update

JULY 19, 2015

Despite that relatively simple procedural history, much has been written about the case, largely overstating an allegation in the counterclaim that claimed, “10. In advance of arbitration, the disputes and differences were resolved between the parties and a stipulation of dismissal was filed in June 2007. tax credit certificate.

Green 120

Green Maryland Lien Certification 120

Best Practices Construction Law

MAY 31, 2012

Matthew is a member of the Business Litigation and Creditors' Rights & Bankruptcy Service Groups. He represents and advises clients in the areas of business and commercial litigation, bankruptcy and financial restructuring, and construction law.

Tennessee 48

Tennessee Claims Bankruptcy Employment 48

ENR Construction

SEPTEMBER 23, 2015

Judge Ends Bahamian Resort Bankruptcy Claim. ARCADIS Now Single Brand for Global Firm’s Acquired Units; U.S.

Claims 28

Claims Bankruptcy Insurance Construction 28

Levelset

JULY 5, 2022

There are several different types of property liens , which are legal claims against the property held by a debtor. Credit bureaus can collect public information from state and county courts, including bankruptcies. Bond off the lien to remove it from your property and force the contractor to file a claim against the bond.

Lien 96

Lien Bankruptcy Legal Claims 96

Contractor Bookkeeping

OCTOBER 17, 2014

Scammers are calling all kinds of people and business owners claiming to be from the IRS. For the reasons outlined above some construction company owners have a nagging concern about when they will be found out and be faced with major fines, penalties and possible bankruptcy and in a few cases prison sentences.

IRS 48

IRS Claims Contractors Accounting 48

ENR Construction

JANUARY 20, 2015

Tennessee masonry contractor Wasco takes an unusual step in seeking protection during a messy disagreement over millions a union pension fund says the company owes. Business Management'

Bankruptcy 28

Bankruptcy Claims Contractors Tennessee 28

Levelset

AUGUST 30, 2024

Here’s how this section reads: Except as provided in Paragraph (2) of this Subsection, nothing in this Part shall be construed to preclude a surety from asserting any defense to the principal obligation that its principal could assert except for lack of capacity or discharge in bankruptcy of the principal obligor. What’s Changing?

Louisiana 52

Louisiana Materials Defense Claims 52

Pro Builder

AUGUST 3, 2021

Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. The startup was funded by deep pockets, including $2 billion from SoftBank and it once claimed to have $1.3 Tue, 08/03/2021 - 14:15. billion in bookings. billion in losses in three years.

Bankruptcy 98

Bankruptcy Mobility Philadelphia Phoenix 98

PSMJ Resources

JUNE 23, 2008

Fast-forward to earlier today, when Modern Continental filed for Chapter 11 bankruptcy protection, according to the Boston Business Journal. and Architectural Paving as its two largest unsecured creditors, holding claims of $9.9 The company denied the accusations in a statement issued Friday night. The company listed URS Corp.

Boston 40

Boston Bankruptcy Debt Negotiation 40

Construction Law Monitor

APRIL 15, 2015

A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. million because of claims from suppliers and subcontractors. For example, between 2002 and 2013, sureties have covered more than $13 billion in claims, which do not include additional claim expenses that also go in the billions.

Insurance 40

Insurance Bankruptcy Claims Contract 40

Construction Marketing Ideas

MARCH 11, 2016

This allows the general contractor to make a claim and without interrupting the subcontractor’s work on the project. My nearly two decades as a lawyer have taught me that surety bonds are really only protection against one risk: Subcontractor bankruptcy. SDI is “pay first, question later, if necessary.” Fill out my.

Legal 48

Legal Consulting Subcontracting Industrial 48

Help Everybody Everyday

APRIL 29, 2009

Given the present construction landscape with owners and developers filing bankruptcy, a lack of credit flowing in the building market and many construction companies simply going out of business, a lien may be the only true payment recourse for a contractor, subcontractor or material man. Kaled Naser, et. CL07-5431 (Va.

Lien 48

Lien Virginia Bankruptcy AGC 48

Constructlaw

DECEMBER 7, 2020

Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance. Mealey’s: What, if any, events had an impact on the global economy that have led to increased filings?

Claims 40

Claims Insurance Bankruptcy Legal 40

PSMJ Resources

APRIL 27, 2009

The article talks with architects who were laid off at Cubellis (which the article claims has dropped from 500 people to about 300 and closed some offices entirely) and Arrowstreet (which has gone from 170 people to around 50 or 60 people.

Wichita 45

Wichita Boston Architecture Bankruptcy 45

Levelset

SEPTEMBER 16, 2022

The statute of repose cuts off the right to make a claim or sue a contractor after a certain length of time. Examples of completed operations claims. Completed operations coverage provides legal defense of the claim, which is found to be not of merit. Deck collapse. A contractor builds a deck for a homeowner.

Insurance 52

Insurance Liability Claims Contractors 52

BD+C

OCTOBER 7, 2024

This timing comes into play with investigation, inspection, and claim notices, and for getting claims on file—both in court and in arbitration. If possible, this is always preferable over putting parties at risk of going out of business without insurance coverage.

Insurance 52

Insurance Legal Documentation Claims 52

Construction Law Monitor

APRIL 15, 2015

A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. million because of claims from suppliers and subcontractors. For example, between 2002 and 2013, sureties have covered more than $13 billion in claims, which do not include additional claim expenses that also go in the billions.

Insurance 40

Insurance Bankruptcy Contract Contractors 40

NH Construction Law

MAY 28, 2018

The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors.

Subcontracting 40

Subcontracting New Hampshire Lien Insurance 40

Best Practices Construction Law

JUNE 4, 2019

The mediator sent Lehman and the defendant an email confirming that they had accepted his proposal and agreed on the amount of a payment in settlement of Lehman’s claim against that defendant. In Lehman Brothers , there was a mediation between Lehman and an individual defendan.

Agreement 61

Agreement Contract Drafting Claims 61

Construction Lawyer

APRIL 30, 2012

Trystate claimed that there was an unpaid balance of some $250,000 for both buildings.    Chapeau filed bankruptcy.  Later, Trystate commenced a mechanics lien action, seeking to be paid its claims. Trystate was hired by Chapeau as a subcontractor for the system on two buildings.

New York 40

New York Lien Contractors Illinois 40

Construction Test

MAY 19, 2020

However, the number of cancelled trips means customers are waiting much longer as airlines struggle to deal with a colossal backlog of claims. ’ State Aid payments RyanAir boss Michael O’Leary claims are paid to rival airlines. Under EU laws, customers should get their money back within seven days. Lufthansa Group.

Travel 26

Travel Claims Deals Airports 26

Business Facilities

SEPTEMBER 3, 2014

When Iacocca took the helm of Chrysler in the 1970s, the auto giant needed a federal bailout to avoid bankruptcy. What seems like a continuous parade of big players have been engineering mergers or acquisitions in other countries so they can duck America’s onerous 35-percent corporate tax rate. The latest U.S.

NJ 46

NJ America Minneapolis Bankruptcy 46

Contractor Bookkeeping

OCTOBER 3, 2014

Being Ripped-Off And Driven Into Bankruptcy! This is, always has been and will continue to be a major headache and in some cases the direct cause for construction company owners to file business and personal bankruptcy. An Alarming Number Of Construction Company Owners Are. That sounds harsh but it is true! For the full article [link].

Accounting 48

Accounting Construction Banking Contractors 48

Buisness Facilities Contributed Content

APRIL 8, 2016

During the rest of that decade, while NYC teetered on the brink of bankruptcy, work proceeded at a snail’s pace. City officials recognized they had no choice but to build Tunnel No 3, what would become one of the largest public works project in U.S. Ground was broken in 1970 for the 60-mile tunnel. Enter Mayor de Blasio.

New York City 40

New York City New York Sewer Permits 40

Buisness Facilities Contributed Content

APRIL 15, 2014

State Credits available against the Corporate Income Tax: Education Credit (AS 43.20.014): Taxpayers that contribute to vocational education programs or accredited Alaska universities or colleges for educational purposes or facilities may claim a tax credit for 50% of the first $100,000, 100% of the next $200,000, and 50% of further contributions.

Income 108

Income Finance Zoning Employment 108

ProcurementExpress.com

NOVEMBER 30, 2016

What can I do besides bankruptcy? In the second month, I noticed we were losing money on concrete materials, and when I queried this, I was told the client had instructed us to use additional cement, the costs of which we would be claiming from the client. A real life example: I am a contractor and I have underbid a house by $14000.

Risk 52

Risk Construction Plans Structural Engineering 52

Construction Lawyer

JULY 20, 2012

Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. The court also extensively analyzed the issue of whether the subcontractor had a claim against the surety regardless of whether the principal is liabile for payment under the subcontract.

Illinois 40

Illinois Subcontracting Liability AIA 40

Buisness Facilities Contributed Content

MARCH 21, 2014

The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. time permanent jobs paying above average wages.

Income 75

Income Finance Zoning Equipment 75

ProcurementExpress.com

NOVEMBER 30, 2016

What can I do besides bankruptcy? In the second month, I noticed we were losing money on concrete materials, and when I queried this, I was told the client had instructed us to use additional cement, the costs of which we would be claiming from the client. A real life example: I am a contractor and I have underbid a house by $14000.

Risk 40

Risk Construction Plans Structural Engineering 40

Construction Test

MAY 16, 2020

The company has declined Government support claiming it is financially secure enough to survive the coronavirus crisis so it is hard to see how these cuts can be justified. British Airways: The refund option has been removed from its website but the option to claim a voucher remains. How airlines bend the rules. Consumer group Which?

Travel 26

Travel Airports Union News 26

NH Construction Law

NOVEMBER 23, 2019

Suppose the owner files for bankruptcy protection before that step is taken. It is tempting to conclude that such retroactive effect is accomplished by RSA 447:9 , which states that mechanic’s liens “shall take precedence of all prior claims except liens on account of taxes.” described in such statement of claim.”

Lien 40

Lien Bankruptcy New Hampshire Claims 40

Green Building Law Update

AUGUST 20, 2017

Suniva, a solar panel manufacturer, now in bankruptcy, initially submitted a petition to the ITC on April 26, 2017. The petition seeks duties of 40 cents per watt on imported solar cells and also a floor price of 78 cents per watt on solar panels made by foreign manufacturers. government?

Injury 136

Injury Bankruptcy Industrial United States 136

NH Construction Law

JANUARY 18, 2023

6, 2023), decided by New Hampshire’s bankruptcy court. Because the total amount of the parties’ claims exceeded $33 million, the court was called upon to decide which of these interests had priority. And this month, a court has finally agreed. The case is In re The Prospect-Woodward Home , 2023 BNH 001 (Jan.

Lien 40

Lien New Hampshire Claims Bankruptcy 40