Dealing with insolvency in the construction industry

With the building industry in the grip of the economic downturn, casualties are inevitable, but whilst the creditors look towards the insolvency practitioner to realise as much of the book debts as possible, a debtor may view insolvency as an opportunity. Michael Gerard advocates taking time out to investigate the form of contract and researching the appropriate terms and conditions appertaining to the contractor’s insolvency.

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