Construction Defect Defendants Using ABCs to Minimize Payments

Community associations that pursue construction defect lawsuits against developers, contractors and design professionals have had to contend with bankruptcy filings by the defendants in these cases for decades.  However, in recent years, we have begun to see some of the defendants in these actions avoid liability by choosing to file an assignment for the benefit of creditors, or ABCs, rather than bankruptcy.     Read the article…………


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