article thumbnail

How To Protect Your Construction Company From Bankruptcy

Contractor Bookkeeping

Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. You must have more money coming in than is going out, or you're on the express train to bankruptcy. Poor cash flow Not bringing enough money in is the main reason why businesses fail.

article thumbnail

Debts, lawsuits force Detroit builder to file bankruptcy

Construction Dive

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Debt 129
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Another well-known retailer files for bankruptcy: Here's the solution to more empty anchor stores

BD+C

Last month, one of the world's most well-known retailers filed for bankruptcy. Barneys is among dozens of other retailers filing for bankruptcy this year. Barneys is almost 100 years old and will close 15 of its 22 stores as part of a major restructure, and they aren’t alone. The solution lies in repurposing existing square footage.

article thumbnail

What can be gleaned from 2018's highest-profile construction bankruptcies?

Construction Dive

Causes of last year's significant bankruptcies varied, and though some were beyond contractors' control, there are lessons to be learned.

article thumbnail

Bankruptcy Trustee Sues Chinese Over Solar Panel Dumping

Green Building Law Update

Before the Energy Conversion Devices bankruptcy, it was a major player in the commercial and industrial rooftop solar market, achieving over $1 billion in sales employing more than 2,500 people before February 2012 when the company sought bankruptcy protection and ultimately was forced to liquidate.

article thumbnail

Florida GC files for Chapter 11

Construction Dive

Supply chain disruptions, price inflation and labor shortages are causing major headaches for firms with fixed-price contracts, leading some into bankruptcy, attorneys say.

article thumbnail

McDermott exits Chapter 11 bankruptcy

Construction Dive

The reorganization eliminates $4.6 billion of debt and provides the energy contractor's management with 7.5% of newly issued equity.