The Story of Builders Going into Liquidation and their Banks
Just found a really interesting article which explains the ins and outs of builders going into liquidation, partly precipitated by actions of their banks. It has been quite an eventful 18 months, watching so many builders slide into default and liquidation, leaving home buyers and owners in a lurch. Anyway, if you look at the article, look beyond the technical abstract (I was a little daunted initially) - the actual article is more interesting than the abstract.
