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Avoid the Legal Woes of Multifamily Construction with Notice and Arbitration Provisions

Construction Business Owner

The project, which was completed six years ago, was a virtual encyclopedia of what can go wrong during construction—unexpected soil and groundwater conditions, the bankruptcies of two major subcontractors, and struggles in executing a design advertised as cutting-edge.'

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Special legal team could tap MGT Construction's "undisclosed assets" to pay $28M debt

Construction Dive

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
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Advise & Consult: Serious, expert legal insights for the construction industry

Construction Marketing Ideas

This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute. I’m not a lawyer, of course, and wouldn’t think of providing specific legal advice to anyone reading this blog.

Legal 48
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Does a Lien Affect Your Credit Score?

Levelset

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. Any legal financial-related data (judgments, liens, garnishments, etc.) What is a lien?

Lien 96
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A journey through masonry reclad litigation

BD+C

Time is of the Essence With Construction Litigation Across most jurisdictions in the United States, time is an issue from a legal perspective. This ensures that the report remains legally sound. In this case, great care was taken to plead “into coverage,” and to make sure nothing was put into expert reports that could erode coverage.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

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. Not unless he is prepared to pay twice! 543, 553, 984 N.E.2d

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Louisiana Payment Bond Changes: What Material Suppliers Need to Know

Levelset

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.