What happens when the main contractor goes bankrupt? All Sections | Section 4 One common option is a performance bond so that money can be claimed from a guarantor bank at short notice, often simply on-demand. 3 October 2019 Read more
What happens if the client goes bankrupt? All Sections | Section 4 When an individual client goes bankrupt or a business entity in general files for bankruptcy, an automatic stay is triggered on all collection actions, legal proceedings and judgment enforcement activities. 20 September 2018 Read more