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Tag Archives: construction

Contractors Beware! $99 Advance Fee Job Scam

It was announced yesterday that the Better Business Bureau (BBB) is alerting contractors across the country to be on the look out for telephone solicitors attempting to convince them to sign up for an online program that offers free job leads. Apparently, numerous contractors have reported to the BBB about a scheme in which they paid a $99 background screening ... Read More »

Franklin Drywall Cheats The Law And The Law Won

The owner and president of Franklin Drywall was sentenced in federal court last week for one count of providing false statements to two labor union pension and benefit funds. These acts by this Little Canada-based union sheet-rocking company was part of a scheme to underpay employees for overtime and underpay the union for pension and benefit contributions required by collective ... Read More »

I’m Running Out of Money Fast. What Do I Do? – Dana

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“Dear Steve, Self-employed single mom in flooring industry (ca) Real Estate owned (2) rentals-devalued but currently rented but combined after rents is -(negative) $300.00 per month. Currently living in my home devalued with equity line maxed out. Credit card debit on personal credit card debt on business (corp) business currently has $15,000.00 in cash Business line of credit taken away ... Read More »

Our Attorney Has Worked Out a Stipulated Judgment But Should We File Bankruptcy? – Stephie

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“Dear Steve, My husband and I have a construction company. We did work for developers who did not pay. We signed personal guarantee with a vendor. Our attorney is working out a stipulated judgment with the vendor b/c we really have no defense on this open account, as we did use the concrete and we did guarantee payment. The whole ... Read More »

I Owned My Own Construction Business and I’m Afraid We Are Going to Lose Our Home. – Mike

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“Dear Steve, I used to own my own construction business during which time I built a new home for me and my family. Everything went downhill so fast that we lost our old home to foreclosure because it wouldn’t sell and I was making payments on the construction loan for the new house while my phone still wasn’t ringing. Because ... Read More »

My Construction Business is Very Slow. Should I File Bankruptcy? – Eric

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“Dear Steve, My buissness is very slow (Construction), as Im sure many are. I’m Iooking down the road and am looking at what feels like all dead ends. I only have enough funds for a few more months (payroll, house payment, credit cards, car payments) Im 45,married and have 3 kids Is it better to try and save it all ... Read More »

Should We Just See A Lawyer About Bankruptcy Before This Gets Worse? – Susan

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“Dear Steve, Dear Steve, My husband’s work in construction ended last year so he made $900 and is trying to get started in a sales position that is costing some money to get started. My overtime has been cut drastically and I am now making about $61,000 a year. To keep up with bills and payments we have used credit ... Read More »

I’m a Disabled Construction Worker in Oklahoma That is Being Chased by Bank of America. – Butch

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Butch “Dear Steve, I live in a “village” located on Lake Tenkiller in Northeast Oklahoma. I am 58 years old and have worked construction (worker, foreman, owner) all of my life. I have been married and divorced three times. After the third divorce I lost my business, my home and all of my money. I was disabled and had been ... Read More »

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