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a contractor has taken a second deposit to finish a job. Since taken the 2nd deposit he has run into financial difficulty and now is unwilling to complete the job. Since he is incorporated, if I sue him do I have any recourse or can he just declare bankruptcy and walk away with my money?my contractor was given additional money, after completing a portion of a renovation. The money was the second installment to continue the job. It was to be used to pay the electrician, plumber to do their portion of the job and for him to continue the overall renovation. I needed to apply for a new permit and as a contidion to get the permit, the Town of Hempstead needed the contractors proof of insurance. The contractor said he did not have enough money to obtain the proper insurance even though he has about $25,000 of my money for work to be done yet. Several other people have tried to show him how to go about getting the proper coverage at little to no cost and he states he's unsuccessful and now is not even returning my calls. This has been going on for about 3-4 months now. Where do I stand getting my money back or forcing him to finish the job? can someone please help?