Tom McGuire, a licensed contractor in Toledo, Ohio, has not had a job since December. The economy is partly to blame, he said, adding that he did a job last summer and never got paid.
As the general contractor on the job, he said, he was financially liable for materials and the work of two subcontractors. "I'm out $30,000," McGuire said.-----
What does it mean？ He owes or he is owed？
He has paid out $30,000 which so far he has not been repaid by his client.