McDermott exits Chapter 11 bankruptcy
Construction Dive
JULY 1, 2020
billion of debt and provides the energy contractor's management with 7.5% The reorganization eliminates $4.6 of newly issued equity.
Bankruptcy Debt Management 
133 
Indiana Toll Road Operators Consider Bankruptcy
Construction Equipment
SEPTEMBER 17, 2014
Indiana Toll Road operators are considering filing for Chapter 11 bankruptcy to get out of their $6 million debt, nwitimes.com reported. The Indiana Toll Road operators would also sell their rights to operate the road, requiring the 157-mile road come under new management.
Join 116,000+
professionals
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
SoftBank-Backed Construction Technology Startup Katerra Set to Close
Pro Builder
JUNE 3, 2021
It laid off hundreds of employees last year and neared bankruptcy. Last year, the company was reportedly exploring the possibility of Chapter 11 bankruptcy proceedings, until it was bailed out by a $200 million cash infusion from SoftBank. Business Management. Greensill also collapsed earlier this year. Read More. .
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. It helps lenders assess whether you’re qualified for the loan amount you’re requesting and if you’ve been good at managing your company’s finances. What Is a Business Credit Score?
Turbocharging Motown’s Recovery
Buisness Facilities Contributed Content
MAY 21, 2014
A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. This summer, a federal judge will decide whether to approve a plan that would allow the city to exit bankruptcy court by mid-October.
constructionattorneyblog: Waivers of liens: fraud
Construction Lawyer
SEPTEMBER 22, 2005
The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1. Waivers of liens: fraud.
Mechanics Lien and Bond Claims Best Practices
Best Practices Construction Law
AUGUST 24, 2012
He is the founder of Zlien.com , a national mechanics lien filing and compliance management service. These principles form a set of “best practices” for the company interested in preserving its lien rights on every construction, and ultimately therefore, avoiding bad debt.
Let's personalize your content