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How To Protect Your Construction Company From Bankruptcy

Contractor Bookkeeping

Starting a construction business is not for the faint of heart. 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.

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Debts, lawsuits force Detroit builder to file bankruptcy

Construction Dive

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

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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.

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Litigation looms in MGT Construction's $28M debt, $50K assets bankruptcy

Construction Dive

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.

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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.

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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.

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FIU bridge collapse contractor files for bankruptcy

Construction Dive

Magnum Construction Management said that the Chapter 11 filing is not an attempt to shirk responsibilities related to the deadly March 2018 incident.