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Shaw Development, LLC Files for Chapter 11 Bankruptcy Protection

Shaw Development, LLC – the developer of the Captain’s Galley condominium project in Crisfield, Maryland that was the subject of the Shaw Development v. Southern Builders litigation that I have discussed extensively both here at GRELJ and over at gbNYC – recently filed for Chapter 11 bankruptcy protection. Since the development was completed back in 2006, only 3 of the 17 units available had proceeded to contract. In late December, a foreclosure auction was to take place for the remaining units, but Shaw filed for bankruptcy protection in order to restructure and allow the pending sales to ultimately proceed. Asking prices now start at $250,000.00 for the remaining units (apparently Shaw expects to close on a number of additional contracts by the spring), though all prices are off 50 percent from when the project came on line back in 2006. Dealing with credit card bankruptcy attorney in Knoxville can be a hassle. Trying to pay a lump sum to erase your debts, as opposed to incremental payments, can cause even greater financial strain. Having someone to help negotiate a settlement can do wonders for your stress levels and bottom line. When I saw the article detailing Shaw’s Chapter 11 filing, I was curious to very generally consider whether the specter of a bankruptcy filing might allow us to add an additional twist to the discussion of the Shaw Development litigation. The smart way to end the stress is to have one of our NJ bankruptcy attorneys look into your situation to find a lasting solution, visit website for more information.Are you struggling to pay your bills? If so, it’s important to understand that financial relief is available. The attorneys at Mitchell & Hammond have helped thousands of clients climb out of debt and get the fresh financial start they deserve. It may seem hard to believe, but there is a way for you to get out of debt. We can help you find it, find us here www.oklahomabankruptcyattorneys.com/bankruptcy/

This line of analysis should reinforce – once again – the notion that contract documents on green construction projects must account for all potential legal permutations in the event that the project does not proceed as planned. The absence of a cap on consequential damages in the contractor’s agreement with the owner in this scenario could expose it to significant liability; on the other hand, if the owner simply signed a form AIA agreement waiving its right to consequential damages, it too would be barred from attempting to recover the damages that flowed from the contractor’s breach. The next question – which I will reserve considering for a separate post on consequential damages in green construction – is whether the damages incidental to a bankruptcy filing were foreseeable by the parties and therefore recoverable in any action asserted by the owner or the bankruptcy trustee on its behalf. Chicago consumer attorneys Rob Harrer, Bryan Thompson, and the staff at the chicago consumer law Center focus exclusively on consumer law and on helping consumers resolve debt and credit problems. We explain your rights under the FDCPA, the FCRA, and the other laws that protect you. To know more about mortage loan modification lawyer, this content is useful for you. If you are charged with assault and/or battery in the Tampa Bay area, you can’t afford to hire the wrong Tampa criminal defense attorney – someone who’s inexperienced, or someone who will simply advise you to plead guilty. An assault or battery conviction has serious consequences.The Patrick B. Courtney, P.A. helps you in the assult and battery attorney.

Finally, just a quick word of thanks to Brian Anderson for forwarding me the link below noting the bankruptcy filing.

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