Is a Customer Filing for Bankruptcy? MCAA’s Latest Bulletin Can Help You Steer Clear of Trouble

August 21, 2017

MCAA’s Management Methods Committee has just released a new bulletin—Doing Business with a Customer in Bankruptcy—that can help you avoid legal and other pitfalls that may affect your business relationship with a customer that has or may file for bankruptcy.

Bankruptcy issues, both legal and financial, are complex, but this bulletin can help you sort out your options. 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.

Although this bulletin offers helpful information, be sure to consult with a bankruptcy attorney to ensure you understand your rights, responsibilities and protections before you enter into any business transactions with a bankrupt customer.

Download Your Bulletin

Related Articles
The Management Methods Committee has released a new WebBook that summarizes and compares the various United Association national labor agreements. With our new WebBook platform, MCAA members can access some of our more recent bulletins on current topics. You will be able to read new Management Methods Bulletins, take notes, print sections, and share with colleagues. And most importantly, when we have updated content, unlike a downloaded pdf, our WebBooks will be updated behind the scenes while your notes are preserved securely on your computer.…
In the Management Methods Committee's latest podcast, Host Bob Lindbloom talks with MCAA's Director, Career Development Harlee Gallo Mooney about our industry-leading career development program. This special pop-up edition of the podcast is available exclusively via the iTunes or Google Play stores. Have questions or need support? Contact us.…
The Management Methods Committee has released a two-part podcast in conjunction with the its latest WebBook on the subject of Scheduling Best Practices.…
The Management Methods Committee has released a two-part podcast in conjunction with the its latest WebBook on the subject of Developing Improved Labor-Management Relations.…

In this month’s Beyond the Classroom video, @u_nebraska senior, Ali Brown shares her perspective on entering the mechanical contracting industry and emphasizes the importance of business and human resources.

http://ow.ly/SIqY50AogER

MCAA’s manufacturer/supplier @HarrisProducts a company of Lincoln Electric Company, became a vital partner to contractors as they fulfilled demands at medical care centers and alternate care facilities for COVID-19 treatments.

http://ow.ly/V2Sx50AnfSQ

Marelich Mechanical Company, Inc. this summer employed seven summer interns and new-hire project engineers from Northern California MCA student chapter programs.

http://ow.ly/dDWD50An3IZ

Join John Koontz and Paul Stynchcomb as they address the Critical Path Method (CPM) schedule as an essential management tool construction team members when it comes to completing an on-time and financially successful project. Register today; http://ow.ly/LMHk50AfHiK.

Load More...