What do you do about your Mechanics’ Lien When the Developer Files Bankruptcy?
The mechanics' lien is a powerful tool to secure payment of unpaid construction related debts. However, dealing with a mechanics' lien foreclosure after the owner of the property files bankruptcy can be a tricky business.
There are several necessary steps a claimant should take to ensure their mechanics' lien is protected, as well as options to perfect it.
Visit our in-depth article to learn more about the ins and outs of mechanics' liens and the associated legal concepts which must always be considered.
Ten Tips for Construction Creditors
Many contractors, subcontractors and suppliers are suffering at the hands of those who fail to pay for the work or materials they supply to construction projects. That's why we've put together a brief outline of ten tips to keep in mind when dealing with delinquent construction accounts.
Visit our article to learn the tips you'll need to avoid the pitfalls of unpaid accounts from calendaring your collection deadlines to keeping up-to-date documentation of your claim.