Debts, lawsuits force Detroit builder to file bankruptcy
Construction Dive
JANUARY 8, 2024
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
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SoftBank-Backed Construction Technology Startup Katerra Set to Close
Pro Builder
JUNE 3, 2021
Katerra entered the industry with a hefty goal: to revolutionize the $12 trillion global construction industry. It laid off hundreds of employees last year and neared bankruptcy. SoftBank-Backed Construction Technology Startup Katerra Set to Close. cbroderick. Thu, 06/03/2021 - 10:13. Greensill also collapsed earlier this year.
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What Your Business Credit Report Tells Lenders
Pro Builder
OCTOBER 12, 2022
Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. Your industry type is also often a factor in your business credit rating, too. This tells lenders a bigger picture of your payment habits or whether you’re missing out on repaying debts. .
Does a Lien Affect Your Credit Score?
Levelset
JULY 5, 2022
Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. Credit bureaus can collect public information from state and county courts, including bankruptcies. What is a lien?
Turbocharging Motown’s Recovery
Buisness Facilities Contributed Content
MAY 21, 2014
We took some ribbing last summer when we put up a post in this space entitled “ The Road to Recovery in Detroit ,” predicting that the Motor City would quickly rebound from its financial woes and become a magnet for new industries. Great Lakes'
BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana
Buisness Facilities Contributed Content
AUGUST 29, 2013
Targeted Industries: IT, Hospitality & Rec., GDP (All Industry 2011): $301.1 The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455-million deal, according to a report in the Baltimore Sun.
Mechanics Lien and Bond Claims Best Practices
Best Practices Construction Law
AUGUST 24, 2012
Through the years of consulting with folks in the construction industry about mechanics lien and bond claims, I’ve unearthed a set of principles to help navigate the very complicated world of liens. The long and short of this discussion is that the industry uses the term “lien” pretty loosely.
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