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Articles Posted in Bankruptcy

As the residential and commercial real estate markets continue their slow climb back to health, many of our client general contractors are now finding themselves working with developers whose ongoing financial viability has fallen into serious peril. Some of these developers have filed for Chapter 11 bankruptcy, typically to remain operating their projects and/or to stave off a lender foreclosure. The ensuing bankruptcy court litigation may take years to unfold and consume large sums in legal fees.