If a building firm goes under
admin | June 28, 2016 at 4:56 am
If your builder’s operation fails, you may be left with an unfinished house, or a house with lots of unresolved defects.
Unpaid subcontractors may take back materials they have supplied. In this case you may have legal remedies. Talk to a lawyer.
Tip: Make sure it is not in your contract that you pay for work in advance. This will protect you if the builder does not complete the job. (Except for any deposit you’ve agreed in the contract.)