The panel works through usual and unusual issues facing owners, contractors, subcontractors, sureties and lenders when contracting parties default and file for chapter 7 or 11 bankruptcy relief. The discussion focuses on leverage points, negotiation and litigation tools, cost-benefit considerations and constructive solutions for all parties.
Learning Objectives:
- Attendees will identify the common and unusual issues facing owners, contractors, subcontractors, sureties, and lenders when a contracting party defaults and files for Chapter 7 or Chapter 11 bankruptcy relief.
- Attendees will analyze the leverage points and available negotiation and litigation tools for each stakeholder in a constructionrelated bankruptcy, along with the cost-benefit considerations that inform strategy.
- Attendees will evaluate practical, constructive solutions for resolving construction disputes in bankruptcy that address the interests of owners, contractors, subcontractors, sureties, and lenders alike.