The ins and outs of surety bonds: the insolvent surety

Commercial, and sometimes residential, construction requires a contractor to obtain a surety bond to guarantee performance leading to the successful conclusion of a project. Upon that occasion, a general contractor will obtain a surety bond from an authorized underwriter.

Filed under:
USA, Construction, Insolvency & Restructuring, Fox Rothschild LLP, Surety, General contractor, Underwriting
Authors:
Carl Anthony Maio
Location:
USA
Firm:
Fox Rothschild LLP