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SoftBank-Backed Construction Technology Startup Katerra Set to Close

Pro Builder

It laid off hundreds of employees last year and neared bankruptcy. Last year, the company was reportedly exploring the possibility of Chapter 11 bankruptcy proceedings, until it was bailed out by a $200 million cash infusion from SoftBank. Off-Site Construction. Greensill also collapsed earlier this year. Read More. .

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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. This summer, a federal judge will decide whether to approve a plan that would allow the city to exit bankruptcy court by mid-October. Great Lakes'

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The experts have spoken: We can and should be optimistic despite COVID-19

Lets Build

Find out more: How to manage your construction sites during and after COVID-19. In this case, one must assume that significant and lasting damage to the economic fabric with lots of bankruptcies, corporate debt fall-outs, and so on will have happened.

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California is Rolling in Dough

Buisness Facilities Contributed Content

In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. We tend to come down on the rainy-day side of these discussions, since many of the states who suddenly find their pockets bulging still have large debt obligations, including massive pension payments. Far West U.S. Plains U.S.

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BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

Buisness Facilities Contributed Content

Sustainable materials will be used in the National Support Center facilities, and the project is designed to incorporate energy-efficient heating and cooling systems and on-site renewable energy sources. The new SSA Data Center, situated atop a pastoral landscape, will blend seamlessly into the surrounding site.

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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable.

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#83:  The Impact of Bankruptcy on Perfecting a Mechanic's Lien

NH Construction Law

Suppose the owner files for bankruptcy protection before that step is taken. 2001), which provided that “Any lien recorded, registered or filed pursuant to this section shall have priority over any encumbrance theretofore recorded, registered or filed with respect to any site. Bruce Topjian, Inc. , 481 (1987). 3d 1 (1st Cir.

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