Many years ago when I was a kid my parents contracted with a builder to build them a house. The contractor ended up not finishing the job. Worse, he declared bankruptcy and had not paid some of the subs. The subs filed liens on the house and my parents ended up paying for things again that they’d already paid the contractor for. The house ended up costing them a whole lot more than it was supposed to. The financial repercussions from this affected my family for years.