Credit Tips Blog: Discover the Latest Industry Insights

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Owners Can Bond Off Liens & Contest Frivolous Liens

An exaggerated lien could be deemed a frivolous lien. Here's a reminder that a lien claimant needs to have documentation to support its claim.
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How to Avoid Invalidating Your Mechanics Lien

If you take the time to file a mechanic’s lien, don’t squander your security. Make sure you follow through with subsequent legal requests.
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Despite Disputes, Release Retainage

Retainage is an agreed amount of a contract price that is retained by one party from another, with an assurance that the party will be paid once the job is completed.
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Serve Notices via Certified Mail

We always recommends serving preliminary notices via certified mail with return receipt requested. The additional cost to add “return receipt” is significantly less than potential court costs & time trying to prove the document was received.
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Payment Bonds Can Be Conditional Too

Are you furnishing to a private Florida project where a payment bond has been issued? Then you should take a few minutes to read this.
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UCC Introduction and Scope of Article 9

Article 9 includes consensual security interests in personal property and fixtures. Learn more about what's included, what's excluded, and collateral.
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What is a Notice of Intent to Lien?

A Notice of Intent is a statutory notice, required in many states, to be served prior to filing a mechanic’s lien.
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The Miller Act & Your Bond Rights in Tribal Construction

Explore the nuances of bond claim rights in tribal construction projects without Miller Act protections. Safeguard your interests today.
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Correctly Identify Your Customer on PPSAs in Ontario

Registering a PPSA in Ontario? Then you know the importance of correctly identifying your customer. According to the PPSA, you should identify your debtor by its English and French names.
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Timely Amend Your Proof of Claim

We’ve discussed bankruptcy proof of claims before, but today we are reminded just how vital accuracy is when filing a proof of claim.
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3-in-3: Payment & Performance Bonds

A payment bond is a valuable risk-reducing tool for creditors furnishing materials and/or services to construction projects.
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Can a Mechanic’s Lien Be Avoided in Bankruptcy

If you have concerns about a project you are furnishing to, or a party within the contractual chain filing bankruptcy, you may want to take an extra step and confirm statutory guidelines for the date to which the lien relates back.