Green Building Law Update
SEPTEMBER 21, 2011
The result: two weeks ago, Solyndra announced bankruptcy. Since receiving the loan, the price of solar panels has plummeted - good news - which has squeezed the margins of manufacturers like Solyndra. And taxpayers are now responsible for repaying a half billion dollars.
Contractor Magazine
DECEMBER 8, 2014
In the first week of December, the House passed legislation reforming the bankruptcy code for financial institutions (see below), authorizing defense programs for fiscal year 2015, and extending over 50 tax provisions for this year. Hansen, Vice President of Government Relations, The IAPMO Group. Contractor Marketplace Management'
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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.
Construction Marketing
APRIL 25, 2016
It is not unheard of for a construction firm to face bankruptcy and fail because of a lawsuit. Benefit: Documentation builds your defense, but avoiding all together avoids costly legal fees. Executives receive necessary information to manage projects and minimize risk. Avoid Litigation. Litigation is very costly.
Business Facilities
AUGUST 1, 2014
Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009.
Buisness Facilities Contributed Content
JANUARY 28, 2013
.” “This is a significant milestone in our restructuring and represents substantial progress that we expect will allow us to continue down a path toward successfully emerging from bankruptcy,” Spanjers said. Tentative plans call for the move to Minnesota to be completed by May 2013.
NH Construction Law
OCTOBER 22, 2023
Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy.
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