Bankruptcy Claims Defense 
Levelset
AUGUST 30, 2024
These acts represent a substantial shift in how payment bond defenses are handled for sureties under both the Public Works Act and the Private Works Act. The new laws expand the defenses available to sureties. The courts rejected these defenses because allowing sureties to do so would contradict the Private or Public Works Acts.
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. In those clauses, the overall success of COVID-19-based force majeure defenses is still unknown.
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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.
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.
Construction Lawyer
APRIL 30, 2012
The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Trystate claimed that there was an unpaid balance of some $250,000 for both buildings. Chapeau filed bankruptcy.
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. 07 - Your Bookkeeper - Gets defensive when you or your CPA asks questions. #08 For the full article [link].
Construction Lawyer
JULY 20, 2012
The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity.
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