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Builders’ Liens and Stays of Proceedings in Receiverships

Pandemic-related debt, high interest rates, high energy costs, shortages of labour and rising costs of equipment and materials could all contribute to a rise in the number of insolvencies in the construction industry. A contractor becoming insolvent can have a number of impacts on both the project owner, the subcontractors and suppliers. This article discusses a particular issue related to a contractor becoming insolvent after subcontractors have filed builders liens against the project property.

As published in the NRCA’s Northern Construction Connection February 2024 Newsletter, and VICA’s e-New.

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