The first mistake was the overpayment. You won’t get out of that anymore
If Company 1 goes bankrupt, eventually personal bankruptcy and possibly the liability of the managing director will follow.
The gentleman will lose the craftsmen and subs. Some of them will probably follow into bankruptcy. Par. 130 to 134 Inso
How much of your money you will see again is questionable
I would avoid completion with the company.
- the defects will be worked off
- the wrong basement remains the wrong one
- work will be done more carefully, especially with regard to loss of business partners. The subs will not get better
- how long will it go well? When will he want money again because something is missing
etc.
I would consider whether there is still potential for savings, e.g. elimination of [Kontrollierte-Wohnraumlüftung] and [Fensterfalzlüftung], cancellation of the children’s bathroom, garage
What can be done by own work
Look for another construction company to finish the construction
Talk to the bank. They are not interested in an unfinished house with defects.
Waiver of interest, additional financing, etc. Someone here can certainly still give you tips.
Unfortunately, the [Räuber] is no longer active. Maybe someone can establish contact. [Räuber] also had some problems
It will work out. Keeping my fingers crossed for you