Bankruptcies happen in different industries and the Construction Business is not an exception. Find out in this Spotify video episode how to effectively manage when your Client in your Construction Project goes Bankrupt!

For more Construction Secrets videos, subscribe to our youtube channel using this link: Construction Secrets Youtube Channel

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(3:08) - If there’s a trading halt that means there’s something really bad that’s about to happen

(4:09) - The thing about liquidation or bankruptcy that you’ve really got to understand is once it’s happened it is almost game over

(4:18) - There is an order of preference in which the creditors will get paid

(5:09) - When the rumors started happening, the smart companies start to de-man

(5:18) - You need to be incredibly contractually compliant

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

Follow our Socials and let's get connected! ⤵️

How To LOSE Money As A Construction Contractor [Spotify Video Episode] | Ep. 180

Construction Secrets