collections

Avoid these mechanics lien mistakes

Mechanics’ liens protect landscapers, construction companies, and many other businesses against the risk of nonpayment. If a landowner refuses to pay for improvements made to their property, the business can often file a lien on the property. Filing a lien frequently incentivizes payment. If the landowner still doesn’t pay after the lien is filed, the business can foreclose on the lien.

However, the Minnesota lien process is very specific, and certain mistakes can prevent you from being able to record or enforce a lien. Keep reading to avoid the following mistakes:

Not realizing that you can file a […]

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 […]

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 […]