A "pay-when-paid" clause in a construction contract is a provision that applies the payment terms of the contract between the property owner and the general contractor to the contract between the general contractor and sub-contractor. Often times, a general contractor...
Filing for bankruptcy gets rid of most, but not all types of debt. A Chapter 13 bankruptcy can get rid of more types of debt than a Chapter 7 bankruptcy but neither is guaranteed to clear all debt. Debt that cannot be gotten rid of is called "non-dischargeable" debt....
Before getting involved with a contractor, it is important that you make sure that contractor is insured. However, the statement that a contractor is "insured" is a vague phrase and what really matters is the type of insurance and the language of the policy. Below is...
