Several relics of the 2008-2010 financial crisis have returned to the commercial real estate sector as distress in the market picks up and lenders and borrowers look for solutions to loans that are in or near default.
USA, Banking, Insolvency & Restructuring, Real Estate, Goulston & Storrs PC, Barclays, Federal Deposit Insurance Corporation (USA)
Factoring agreements are very popular with subcontractors and suppliers in the construction industry, assisting cash-flow by providing a line of credit against accounts receivable. However, like any financial product, they can present complexities, pitfalls and at times surprises when pursuing debt recovery and enforcement action.
Where a subcontractor is factoring its debts:
Australia, Construction, Insolvency & Restructuring, Litigation, Piper Alderman, Subcontractor, New South Wales Supreme Court