Bankruptcy Rebuttals I am writing to express my disappointment in the reporting offered concerning Schwing America and our Chapter 11 proceedings. As a longtime ENR reader and advertiser, I had respected your publication for getting facts correct and telling the whole story. This was not up to your standards. Wells Fargo presented objections to our motion for the continued use of cash collateral in the Nov. 27 filing, which you reference in your article. This motion was to be reviewed in Federal Bankruptcy Court on Dec. 2. Schwing America strongly disputed the logic used by Wells Fargo in its objections
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.