I’ve been through this same thing when another builder went bankrupt in the 1990s.
We bought our house new and the builder went BK about 3 years later. This did worry me some, but it turned out okay.
As long as your builder’s insurance company(ies) and subcontractors didn’t go BK also, there will be lawyers who will gladly assist you should your house need repair down the road under the 10 year warranty. They will most likely want to do this through a class-action lawsuit. If a neighbor gets it started, usually you can join in at no out-of-pocket expense to you…you just get a cut of the award if there is one.
Those lawyers will point this out to you: you can’t collect damages for the builder’s failure to follow code, but you can collect damages should that lead to damage. Example: say it is code to have all roof tiles nailed down (I’m not sure if it is or not). If the builder did not nail them down, you cannot sue them successfully to have your roof brought up to code. However, if loose roof tiles leads to leaks that damage, say, the drywall, they you CAN successfully sue for the repair of the dryway that was caused by failure to follow code. I’ve probably oversimplified things, but you get the idea.
My recommendation to you would be to keep very detailed records of any and all repairs and upgrades you had done to the house. You never know when that may come in handy.
