Board Certified Specialist in Bankruptcy
Contracting has always been a tough business. Subcontractors often make payroll and provide supplies and labor to a project months before they are paid by the general contractor or owner.In the case of Charlotte's Epicentre, a stop work order strangled cash flow for both the developer and the contractors. We're still seeing clients whose financial difficulties began there and … [Read more...]
In this week's Charlotte Observer story about tough times in the commercial construction sector, we learned that liens filed in Mecklenburg County against general contractors by their subs spiked by about 70% in the last two years. Experts say they will continue rising.The article sparked a lively discussion in the "comments" section online. What's a sub to do? Before you let the lack of … [Read more...]