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.
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.
Contractor Bookkeeping
SEPTEMBER 3, 2021
Your finances are negatively affected, and it's up to you to lead the recovery. Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same.
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Pro Builder
OCTOBER 12, 2022
It helps lenders assess whether you’re qualified for the loan amount you’re requesting and if you’ve been good at managing your company’s finances. Before applying for a loan or any type of alternative financing, you first need to know where your business credit score stands. What Is a Business Credit Score? The Bottom Line.
Contractor Bookkeeping
AUGUST 6, 2014
Getting back to financing strategies for your contracting Company it will help if you understand the banking version of The Construction Specifications Institute. One of the keys to getting a banker, lender or bonding company to consider your construction company for financing is the way your financial statements are presented.
Contractor Bookkeeping
JULY 5, 2019
An alarming number of construction company owners are being ripped-off and driven into bankruptcy. Perhaps more. That sounds harsh, but it's true. Whenever we see a contractor heading towards a problem, an issue, or a big disaster, we immediately raise the alarm.
Contractor Bookkeeping
NOVEMBER 3, 2012
The remodel contractor uses a form of "Cost Plus" or "Not To Exceed" to provide the homeowner with scope of work and a contract price the bank needs in order to finance the construction. I spent a few years in residential remodeling and it did not take long to learn that new construction behavior does not work in residential remodeling.
Levelset
JULY 5, 2022
Credit bureaus can collect public information from state and county courts, including bankruptcies. Negative credit events, like bankruptcies, foreclosures, and lawsuits, can stay on your credit history up to seven years after they are satisfied. Overdue debt that has been sent to collections also influences your score.
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