This bulletin can help you avoid legal and other pitfalls that may affect your business relationship with a customer that has or may file for bankruptcy. It covers bankruptcy basics—both Chapter 7 and Chapter 11—how claims are managed under each type of bankruptcy, court actions, debtor obligations, special protections available on construction projects should a general contractor or owner file for bankruptcy during a project and issues that could arise when a debtor obtains post-petition financing from lenders.
Doing Business with a Customer in Bankruptcy
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