Tag Archive: bankrupcy
Bankrupt Builder – Getting Finished
If your new home is under construction when the house is being built you could be presented with something like this. Here are the steps that need to be followed with the insurer to finish the house: The insurer should…
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Bankrupt Builder – Will The Insurance Be Enough?
I have previously talked about dealing with the mess when a builder goes bust. To make the financial aspects clearer a worked example follows: This is based on a contract for a house to be built for $300,000. A typical…
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