Thank you for sharing!

Your article was successfully shared with the contacts you provided.

While the reality and speed of economic improvement in the construction industry is debatable, few would argue with the fact that the specter of bankruptcy is more apparent now than ever. As any contractor or construction attorney would agree, bankruptcy raises several unique issues in the construction context and, at times, can seem perilous. While one article cannot cover every bankruptcy issue relevant to the construction industry, there are a few fundamental items to understand. Below, we will discuss what happens to an ongoing contractual relationship, when it is appropriate to seek relief from the automatic stay, proofs of claim and set-off issues. The interplay between bankruptcy and state construction lien law must be understood. The focus of this article is often on general contractors, but in many respects the issues raised are also faced by owners and subcontractors.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.