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Preference Claims, Clawbacks In Bankruptcy Can Disrupt A Construction Project - Insolvency/Bankruptcy/Re-structuring - Vimarsana News

Preference Claims, Clawbacks In Bankruptcy Can Disrupt A Construction Project - Insolvency/Bankruptcy/Re-structuring

A bankruptcy filing by a single construction project participant can cause a chain reaction in which payments aren't met, leading to financial distress, impacts to project payment systems ...

Source: mondaq.com
Preference Claims, Clawbacks in Bankruptcy Can Disrupt a Construction Project | Holland & Knight LLP - Vimarsana News

Preference Claims, Clawbacks in Bankruptcy Can Disrupt a Construction Project | Holland & Knight LLP

Because of the injunction that begins as soon as a debtor files for Chapters 7, 11 or 13 bankruptcy – called the automatic stay – creditors and collection agencies are prevented from...