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Old 09-29-2011, 09:22 PM
hilde123 hilde123 is offline
LawnSite Member
Join Date: Sep 2011
Location: Orlando, FL
Posts: 12
I am working with one of Villa & Sons Sureties (bonding company) IFIC on another project and I am pretty sure the entire company is bankrupt. IFIC indicated they are taking a very large loss on getting Villa & Sons projects. I can tell you a company doesnt default on its bonds unless it is in real bad shap; the indeminity agreements the sureties have with almost all companies include personnel assets of the principals.
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