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Contractors and subcontractors often use mechanic’s liens to help them secure payment, but architects often do their work even before the builders break ground. Can you still file a mechanic’s lien when you are not paid for your work? We have nearly 50 years of combined experience representing businesses in debt collection.
When you’re struggling to collect on a business debt, sometimes, you need to rely on effective tools and creative strategies. Our aggressive and relentless commercialcollections attorneys have more than 50 years of combined experience. What is a mechanic’s lien?
As a subcontractor on building projects, you may be familiar with the concept of a mechanic’s lien, but do you know the best way to use one to protect your interests? What does a mechanic’s lien do for you? A mechanic’s lien is a lien on the physical property you are working on.
In addition, the waiver or postponement of a legal right by the creditor, such as the institution of a law suit to collect an overdue account, or the filing of a mechanics lien , will be construed as consideration by the courts in most jurisdictions. The post Personal Guarantees in CommercialCollection: How Helpful Are They?
A mechanic’s lien gives builders, contractors and some others in the construction industry a collectionmechanism that other industries don’t have. Cohen LLC, we have over 50 years of experience in business and commercialcollections, including preparing, perfecting and enforcing mechanic’s liens.
These can have various statutes of limitation, but also have other options for collection and damages. If you have filed a mechanic’s lien statement of account, those give you only 90 days to file suit. The experienced commercialcollection attorneys at Law Offices of Alan M.
In order to meet these requirements, you will likely need the help of aggressive, experienced commercialcollection attorneys like those at Law Offices of Alan M. We have been assisting clients with complex collection cases for nearly 50 years. You have a legitimate claim against the debtor. What kind of debt can you use it for?
Before a business owner can file a mechanics lien for an unpaid construction or building debt, they must first establish a contract by filing a notice of contract. What is a notice of contract and why do you need it for a mechanics lien? What are the requirements of a mechanics lien? At Law Offices of Alan M.
Conclusion Forbearance serves as a vital mechanism in the financial landscape, offering temporary relief to borrowers while providing lenders with an alternative to pursuing default remedies. Borrowers should seek legal counsel to fully understand the implications and ensure that the agreement aligns with their financial recovery plans.
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