Determining Owner’s Rights When the General Contractor Is in Bankruptcy
Can an owner rely on the provision that filing for bankruptcy constitutes a default under the contract?
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Wojciech F. Jung, Esq., is Partner in the Bankruptcy and Restructuring Department of Lowenstein Sandler. *The views expressed herein are those of the authors and are not necessarily shared by other persons at Lowenstein Sandler LLP. Each case is unique. The law is subject to interpretation. Also note that states vary widely with respect to mechanic’s lien rights and trust fund obligations. This article is not intended to provide legal advice.
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