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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.

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How to Stop Further Deterioration of Distressed Commercial Assets

HardHatChat

Whether you’re a bank with distressed commercial real estate assets on your balance sheet, or you’re a real estate investor/developer who purchased a foreclosed commercial property, creating a viable workout plan can be an uphill battle. I’m not going to sugar coat it.

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Elgin Tower: Elgin's heart beats again

BD+C

The Crash of ’29 forced the savings institution to declare bankruptcy. Other than a short stint of prosperity in the late 1940s, the tower never achieved its promise as the city’s landmark commercial building. Until now.

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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!

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Estimating- The New Normal

Chianelli Estimating

One error may be the difference in bankruptcy or staying afloat. The above outline mainly illustrates the effects it may have on Commercial Estimating departments for Commercial and Non Residential Contractors. Conducting business in the residential market is quite different than working in the Commercial sectors.

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Does a Lien Affect Your Credit Score?

Levelset

Credit bureaus can collect public information from state and county courts, including bankruptcies. For example, Dun & Bradstreet provides three business scores: a Paydex score, commercials credit score, and financial stress score. How important each category is depends on the person and how long they’ve had a credit history.

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Construction Estimating

Chianelli Estimating

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. A good estimate requires time to develop which directly effects the Owner’s, Contractor’s, Architect’s and Engineer’s cost of doing business.