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When you are evaluating the collectability of account, we recommend you use the following questions to help you determine the likelihood of a successful collection.

Both pay-if-paid and pay-when-paid are contingent payment clauses. If/when they're included in a contract, could determine whether you get paid.

Project owners often require lien waivers from contractors, subcontractors & suppliers to alleviate the possibility of mechanic’s lien filings.

The Miller Act is the federal payment bond statute that requires GCs to furnish payment bonds on projects contracted by the United States.

An example of how one contractor lost its mechanic's lien rights because its preliminary notice failed to meet the requirements outlined by statute.

Hiring an attorney, a new vendor, should be very similar to the way you hire employees and qualify customers for credit.

The mechanic’s lien law in North Carolina experienced a rather large change in April 2013: the introduction of the Lien Agent.

If you allow customers to hold goods under a consignment agreement prior to the sale, you are at risk of losing your rights in the goods.

In a perfect world a mechanic’s lien and/or judgment lien filing will get you paid, but the reality is that recovering monies secured by any instrument can take time.

Preliminary notice deadlines vary by state. Did you know some states require the preliminary notice to be served after you begin furnishing?

Obtaining a reflective search is the best practice to make sure the UCC Financing Statement has been indexed accurately.

Although there are no guarantees, time and time again we see secured creditors receiving more funds than unsecured creditors.