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Whether you operate in or outside Massachusetts, if your customer to whom you had provided goods or rendered services on credit is located in Massachusetts and is not paying off your debt, then get in touch with our experienced and aggressive debt collection lawyer, Alan M. A mechanics lien serves like collateral. Cohen, today.
Mechanic’s liens and payment bonds are two powerful options available under Massachusetts law. Our experienced mechanic’s lien attorneys can prepare and have recorded all necessary documents to perfect a mechanic’s lien to secure your interest and hopefully get you paid. What is a mechanic’s lien?
The Massachusetts Mechanic’s Lien Statute is a law that helps safeguard contractors’ and suppliers’ “investment” in a construction project’s improvement. Mechanic’s Lien—What is it and How Does it Work? A mechanic’s lien is a statutorily-created lien against the construction property.
Suppliers, contractors and subcontractors, especially those in the construction industry, know this all too well, as they can often be strung out waiting for their compensation after completing work for the project for which they were hired. But who is eligible for a mechanic’s lien? At the Law Offices of Alan M.
In certain industries like construction, 45-day payment terms easily extend to 90, 120 days, and longer. Those who work at professional service firms, such as accountants and lawyers, may have clients who failed to pay a balance despite paying in full in the past.
If you are unlucky enough to have done business with construction companies or property owners who seem to be rolling in cash, but never have time to pay, you’ll soon find out the importance of a mechanic’s lien in Massachusetts in debt recovery. Why Should I File a Mechanic’s Lien With a Trusted Attorney? A written contract.
A mechanic’s lien is a powerful debt-collection tool for businesses in the construction industry. One of the requirements to file a mechanic’s lien is that you must have a written contract that is enforceable under Massachusetts law. What constitutes a contract for a mechanic’s lien?
Therefore, as a matter of course, it is good business practice for contractors, subcontractors and sub-subcontractors to initiate the procedures for a mechanic’s lien as soon as possible. A mechanic’s lien is an invaluable tool to ensure payment for a construction project. Our mechanic’s lien attorneys at Law Offices of Alan M.
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.
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