Header graphic for print
Texas Construction Law Blog For Subcontractors & Suppliers

Tag Archives: Trust Fund

Establishing Personal Liability Without a Guaranty

Posted in Collection, Construction Contracts

Co-author: Trevor Lawhorn Published in Build Houston Magazine When non-payment occurs, suppliers and service providers often first seek relief by suing for breach of contract. Unfortunately, many companies are undercapitalized or otherwise “judgment proof.”  A personal guaranty might mitigate this risk by providing an additional target, but guarantees are often difficult to obtain.  Even if… Continue Reading