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Jake Thompson
  • Rental Property Investor
  • Albany, OR
136
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312
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Bypassing General Contractor and Paying Sub Directly

Jake Thompson
  • Rental Property Investor
  • Albany, OR
Posted

Hi all, I have a project that has been completed and just before I was ready to send out final payment, my general contractor told me that they were filing for bankruptcy and I should send the bill  directly to the subcontractor. 

My concern is whether I will be protected if the gc were to come back and say that I still owed him the full amount or if I just need to get some sort of paperwork from each of them and that will be sufficient.


thanks!

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Get it in writing from the gc and get an accounting of what is owed to each sub. 

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