• Anything and everything a bankrupt team member has, including partially completed work and unused materials, get caught in the bankruptcy freeze.
• If the bankrupt team member is a flooring contractor for example, hiring someone else to finish the job is not a legal option because his contract is part of the "bankruptcy estate."
• A general contractor's options for getting the project back on track to avoid delay penalties depend on the kind of bankruptcy filed.

From the article:

Construction projects require collaboration among many parties to ensure the work is completed. When one of those parties files for bankruptcy, finishing the project can be very difficult. ...