My main contractor has gone bust? Every question we answer on it, grouped by subject.
Not for nothing, but you may not be allowed to stop just because it is insolvent, so do not simply walk off.
Only for unfixed materials you can identify, where your terms kept ownership until you were paid; built-in materials generally go with the building.
Usually not for work already done, because the client has no contract with you, but it may offer you a new contract to finish.
Usually only as an unsecured creditor, unless the retention was actually set aside in a separate account before the insolvency.
Rarely: you usually need the office-holder's consent or the court's permission, and even a win only fixes the size of an unsecured debt.
No, now is the right time, because what you lose if it fails depends mostly on how much it owes you on the day.
A loss limited to what the routine let build up, and the file for recovering it already in place.
The same day, if you instruct us by early afternoon.
Yes, for the legal half, which goes to your solicitor on day one with a clean file.