Trickle-Down Economics: Some Clarity on the Effects of Posting Certificates of Substantial Performa

We’ve all heard (probably more often than we’d like) about economic hardships in Alberta in the last couple of years caused by the drop in the price of oil. Many pundits expected that the effects of that price drop would take several months or years to trickle down through the economy. I would argue that the trickle has strengthened to a stream. While reviewing recent court cases I was struck by the number of recent builders’ lien court cases that deal with insolvency situations. In the cases before the courts, there’s been a noticeable shift in focus from disputes just among contractors, subcontractors, and owners, to disputes between lien claimants and receivers or bankruptcy trustees.

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