PLASTER - Not The Solution To Bond Problems

In construction there are physical problems you can solve by plastering over them. In the world of surety bonds, managing, massaging, covering over, (plastering) is sometimes undertaken to deal with negative facts or situations that are hindering the issuance of surety bonds. Bond underwriters all know the great earnestness with which bid and performance bonds are requested. "We need a bid bond because we need the project to get the revenues to meet our obligations and have a successful year!" The pressure's on! Sometimes that high level of motivation leads people to take extreme measures... Where do you draw the line? Let's talk about some real life examples and you decide (our opinion to follow): Joe, the founder / owner of ABC Company has an unavoidable problem with bad results. It could be the bankruptcy of their largest client, forcing ABC into bankruptcy. It could be an accident resulting in a lawsuit and devastating judgement against the company. As a result, a new company is formed with Joe's child as owner and President. Joe is not an officer and officially functions as a consultant to the company, even though he really runs the show. gqVhTwtY
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