A client who is building a large mixed use development called me yesterday with a dilemma. He had received a letter from a local equipment supplier, who was on the verge of bankruptcy because the sub-contractor who had engaged him had gone into administration after the hire period had come to an end. He was pleading with my client to help him recover some £20,000 of hire fees still owed to him.
United Kingdom, Construction, Insolvency & Restructuring, Bryan Cave Leighton Paisner, Bankruptcy, General contractor, Supply chain, Subcontractor, Liquidation, Parent company