What can be gleaned from 2018’s highest-profile construction bankruptcies?

Denise Gillin Uncategorized

Bankruptcy is many contractors’ worst nightmare. For some companies, it’s a public declaration that it was not able to handle its business dealings successfully, and that it can’t pay its bills. In any industry, including construction, maintaining a reputation as solid and trustworthy is critical, and to onlookers, a bankruptcy filing — whether it’s liquidation or reorganization — could very …

Grand Jury Urges Bond Requirement Amid PA City’s Fiscal Woes

sbabonds Uncategorized

No more charges out of the second grand jury convened to investigate the near-bankruptcy of Pennsylvania’s capital city. But the 82-page report does make some recommendations for changing state law: Extend the statute of limitations of public officials in Pennsylvania. Law enforcement already gets extra time to charge public officials, but ambiguity arose during former Mayor Stephen Reed’s trial over …

Work to Resume on Water Plant

sbabonds Uncategorized

Work will likely resume soon on the nearly completed McLean County Regional Water Plant project, two months after the bankruptcy of Evansville contractors Peyronnin Construction brought most of the work at the Calhoun site to a standstill. Bill Quisenberry, attorney for the McLean County Regional Water Commission, said when Peyronnin filed bankruptcy Jan. 9, a trustee was appointed by a …