Collections and Mechanic’s Liens

Get Paid or Foreclose

11.6.2014
|
Comments off
|

A Simple Timeline for Mechanic’s Liens

Mechanic’s liens are a great way for contractors, subcontractors, designers, and materials suppliers to ensure they are paid for their work, but the law is very strict about the process and timeline for obtaining a lien.  As the landscape installation season is wrapping up, you should be sure that your company has dotted its i’s and crossed its t’s when it comes to obtaining liens.  Make one mistake now and you could lose your right to a mechanic’s lien when you need to collect.

What is […]

The Power of Charging Orders

10.17.2014
|
Comments off
|

Satisfying Judgments Using Business Entities in Minnesota

A charging order is a tool that a creditor can use to try to satisfy a judgment of a debtor. The charging order is charged against a debtor’s interest in a partnership or LLC and attaches to the distributions the debtor would normally receive from the entity until the judgment is paid. The order will only give the creditor the financial rights, such as distributions of income or profits, the debtor owns in the entity. This means that the creditor will not gain any control of the business entity, instead […]

Lien Rights in Bankruptcy

10.16.2014
|
Comments off
|

4th Circuit Case Looks at Perfecting Liens During Bankruptcy

Court finds that when a lien right arises pre-petition, the lien can be perfected despite the automatic stay.

http://www.myconstructionexpert.com/blog/subcontractor-claims-can-general-contractor-files-bankruptcy […]

Collection Tips for Subcontractors

Collecting as a Subcontractor: Tips You Need to Know

One of the most common types of collection matters our firm sees is subcontractors who aren’t getting paid on a job. If you work as a sub, knowing who you can collect from, what collection tools are available to you, and taking care to reduce disputes can make a big difference in your bottom line.

Collecting from General Contractor

1) Get it in writing. If you are hired by general contractor to work on a project, you need to have a written agreement for your services […]