I read that Trump is filing chapter 11 which he says will make his company “stronger”. This reminded me of last month’s Remodeling magazine article http://tinyurl.com/7ywze
Have you ever had a sub or GC file for bankruptcy while they owed you? Have you ever done it yourself?
Maybe I’m old fashioned but I can’t ever imagine filing for bankruptcy and then starting up again the next year. I also can’t imagine subs working for a guy who ducked out on them, assuming they weren’t remunerated.
Maybe I’m just old fashioned.
Jon Blakemore
Replies
One of my competitors filed bankruptcy several years ago and re-appeared a year later with a slightly different name. Most of their equipment is the same stuff they had under the old name - must have hid it. There's a special place in hell for people like that and if there's any justice if I wind up there I'll get to be "recreation supervisor" for the bastids.
Jon,
Read though that whole article. Good link.
Jon