Imagine that you are a subcontractor, and you just received notice that the general contractor on one of your projects is filing for bankruptcy protection. Or perhaps it's the developer or property owner who's out of funds.
Low Man on the Totem Pole
Subcontractors are the most vulnerable and exposed parties in the contractual chain, more likely to be blindsided by a bankruptcy filing.
By
Steven D. Usdin And Nella M. BloomThis premium content is locked for The Bankruptcy Strategist subscribers only
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