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McDermott exits Chapter 11 bankruptcy
Construction Dive
JULY 1, 2020
The reorganization eliminates $4.6 billion of debt and provides the energy contractor's management with 7.5% of newly issued equity
Bankruptcy Related Topics 
FIU bridge collapse contractor files for bankruptcy
Construction Dive
MARCH 5, 2019
Magnum Construction Management said that the Chapter 11 filing is not an attempt to shirk responsibilities related to the deadly March 2018 incident
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Bankruptcy hearing will decide McDermott's fate
Construction Dive
MARCH 11, 2020
The future of one of the country's largest energy contractors will be discussed tomorrow in Houston
What can be gleaned from 2018's highest-profile construction bankruptcies?
Construction Dive
JANUARY 16, 2019
Causes of last year's significant bankruptcies varied, and though some were beyond contractors' control, there are lessons to be learned
McDermott board brings on bankruptcy experts
Construction Dive
NOVEMBER 26, 2019
The move comes ahead of a deadline to receive a rescue financing package and follows the resignation of the company's Chief Financial Officer
Katerra Files for Bankruptcy, Seeks to Reorganize US Operations
ENR Construction
JUNE 7, 2021
Firm, operating as a designer, contractor and supplier, cites a range of factors for its financial trouble
Litigation looms in MGT Construction's $28M debt, $50K assets bankruptcy
Construction Dive
JUNE 20, 2018
A Chapter 7 bankruptcy trustee asked the court for a special litigation council to try to uncover any of the defunct firm's "undisclosed assets" to help it pay the more than 500 companies and individuals it owes
Another well-known retailer files for bankruptcy: Here's the solution to more empty anchor stores
BD+C
SEPTEMBER 6, 2019
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 question is, how do landlords transform this valuable empty space? The solution lies in repurposing existing square footage
McDermott Bankruptcy Filing Gets Court OK
ENR Construction
MARCH 18, 2020
How will contractor's restructuring succeed in a changing oil and gas market
Trustee in bankruptcy case says MGT Construction may have "undisclosed assets" to pay $28M debt
Construction Dive
JUNE 19, 2018
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
U.S. Nuclear Projects Teeter as Contractor Files for Bankruptcy
ENR Construction
MARCH 28, 2017
Westinghouse's bankruptcy filing adds more uncertainty to delayed nuclear expansion projects in Georgia, South Carolina
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Bankruptcy Trustee Sues Chinese Over Solar Panel Dumping
Green Building Law Update
OCTOBER 9, 2013
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.
New Bankruptcy Signals Emerge for Contractor McDermott
ENR Construction
DECEMBER 31, 2019
Energy megaproject builder, with past reported losses, is talking with lenders for $2B to operate, reports say
Bahamian Government Blocks Resort Developer's U.S. Bankruptcy
ENR Construction
JULY 29, 2015
The Bahamian is seeking to take control over the resort developer's bankruptcy proceedings. Business Management
Florida developer files for Chapter 11 bankruptcy protection
Construction Dive
MARCH 7, 2018
The filing comes amid lender claims that 550 Seabreeze Development defaulted on a $36.9 million mortgage loan for the Fort Lauderdale resort
PG&E Faces Billions in Grid Work Amid Bankruptcy Crisis
ENR Construction
JANUARY 24, 2019
Major electric grid work is ahead in PG&E’s territory, whether or not the California electric and gas utility files for bankruptcy
New Bankruptcy Signals Emerge for Contractor McDermott International
ENR Construction
DECEMBER 31, 2019
Energy megaproject builder, with past reported losses, is talking to lenders for $2B to operate, and a Chapter 11 filing may be weeks away, reports say
Indiana Toll Road Operators Consider Bankruptcy
Construction Equipment
SEPTEMBER 17, 2014
Indiana Toll Road operators are considering filing for Chapter 11 bankruptcy to get out of their $6 million debt, nwitimes.com reported. Toll Road operation should not be affected by the bankruptcy filing or change in management The Indiana Toll Road operators would also sell their rights to operate the road, requiring the 157-mile road come under new management.
Outspoken Individual Surety Files for Bankruptcy Protection
ENR Construction
AUGUST 5, 2014
Scarborough''s bankruptcy filing provides a snapshot of his financial dealings, amounts owed to creditors and his personal property. Edmund C. Business Management
PG&E Faces Jury Trial for Fire as Bankruptcy Continues
ENR Construction
AUGUST 28, 2019
A federal bankruptcy judge has ruled that a jury should determine whether Pacific Gas & Electric Corp. is responsible for the Tubbs fire of 2017, one of California’s worst wildfires, which could account for as much as two-thirds of the wildfire claims for 2017 and 2018
Florida hotel developer files for Chapter 11 bankruptcy protection
Construction Dive
MARCH 6, 2018
The filing comes amid lender claims that 550 Seabreeze Development has defaulted on a $36.9 million mortgage loan on the Las Olas Ocean Resort in Fort Lauderdale
Employee-Owned Contractor C.C. Myers Files for Bankruptcy
ENR Construction
JULY 13, 2016
filed for Chapter 7 bankruptcy in California Eastern Bankruptcy Court On June 30, California contractor C.C. Myers Inc.
U.S. Nuclear Projects Teeter as Westinghouse Files for Bankruptcy
ENR Construction
MARCH 29, 2017
Westinghouse's bankruptcy filing adds more uncertainty to delayed nuclear expansion projects in Georgia, South Carolina
Contractor in deadly South Dakota building collapse files for bankruptcy protection
Construction Dive
JULY 24, 2018
Hultgren Construction, the contractor working on the Copper Lounge when it collapsed in December 2016, killing one and entrapping another, has filed for a Chapter 11 case that will divide its assets among its creditors
$170 million down the drain: Lessons to learn from Quirky’s bankruptcy
Construction Marketing Ideas
OCTOBER 2, 2015
The quirky.com website (scrolling down from the bankruptcy notice at its top.) The bankruptcy notice. This business managed to blow $170 million in venture capital in less than seven years.
How Liberty Mutual Prepared for Ballenger's Bankruptcy
ENR Construction
DECEMBER 18, 2012
Although one of 2012's biggest contractor defaults and bankruptcies may have surprised some unsecured creditors, Ballenger Construction's surety has been working on the company's problems since the summer. Business Management
Lucky Supermarkets Bankruptcy Triggers $1.3M in Liens Against Retail Developer
ENR Construction
MARCH 18, 2020
Construction on a new Florida store came to a halt
PG&E Offers Plan to Exit Bankruptcy
ENR Construction
SEPTEMBER 11, 2019
San Francisco floats $2.5-billion plan to buy utility’s electric grid serving the city
Architecture for Humanity closes office, plans to file for bankruptcy
BD+C
JANUARY 19, 2015
After more than 15 years of work, the nonprofit design group Architecture for Humanity has closed its San Francisco office and plans to file for Chapter 7 bankruptcy protection, The New York Times reported. As of Jan. 1, all of its roughly 30-employee staff was laid off. An official announcement is yet to be made. read more. Architects Building Owner Contractors Designers Engineers Facility Managers Building Team
Architecture for Humanity closes office, files for bankruptcy
BD+C
JANUARY 19, 2015
After more than 15 years of work, the nonprofit design group Architecture for Humanity has closed its San Francisco office and plans to file for Chapter 7 bankruptcy protection, The New York Times reported. As of Jan. 1, all of its roughly 30-employee staff was laid off. An official announcement is yet to be made. read more. Architects Building Owner Contractors Designers Engineers Facility Managers Building Team
Sudden Bankruptcy Stalls Bluegrass Music Museum Project
ENR Construction
FEBRUARY 7, 2017
In late November 2016, a local Owensboro, Ky., news report proclaimed that everything was going fine at the new Bluegrass Music Museum & Hall of Fame
Swanke Hayden Connell Files for Bankruptcy Protection
ENR Construction
JANUARY 13, 2015
A high-profile design practice with a glittering portfolio of projects, had dwindled to a small operation. Business Management
The public construction firms to watch in 2020
Construction Dive
JANUARY 10, 2020
Risk reduction, deleveraging and even bankruptcy are on the table for some of the industry's top publicly traded companies this year
California’s RCR Plumbing & Mechanical to be liquidated pursuant to a U.S. Bankruptcy Court order
Contractor Magazine
OCTOBER 23, 2012
is auctioning a wide range of assets on October 30 from plumbing and pipeline contractor RCR Plumbing & Mechanical, which filed for Chapter 11 bankruptcy protection last year. Tiger Group’s Remarketing Services division, in cooperation with Hackman Capital’s Equipment Acquisition Co., read more. Management Plumbing
Contractor, Bahamian Government Fight Resort Developer Bankruptcy
ENR Construction
JULY 21, 2015
The latest courtroom maneuvers are occurring even as the contractor and developer participate in negotiations aimed at restarting construction of the $3.5-billion Baha Mar project. Business Management
McDermott requests $105M of executive, staff bonuses
Construction Dive
FEBRUARY 14, 2020
The energy contractor, which filed Chapter 11 in January, has asked a bankruptcy judge for $26.8 million in total incentives for 13 management team members with the rest intended for 1,112 other key employees
Navillus Settles Into Normal Business Life After One-Year Bankruptcy
ENR Construction
JANUARY 9, 2019
New York City contractor's conflict with building trades unions appears over
How High Profit Jobs Send Contractors Into Bankruptcy
Contractor Bookkeeping
NOVEMBER 3, 2012
You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems.
McDermott to file for Chapter 11
Construction Dive
JANUARY 21, 2020
Bankruptcy Court in Houston today The struggling energy construction giant announced it will file a prepackaged restructuring plan at the U.S.
Lucky Supermarkets Bankruptcy Triggers Over $1M in Liens Against Retail Developer
ENR Construction
MARCH 18, 2020
Construction on a new Florida store came to a halt
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