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Subordination is “the process by which a creditor holding a priority debt agrees to accept a lower priority for the collection of its debt in a deference to a new debt.”

A New York court issued a decision which highlights the high costs of seemingly minor technical mishaps in the filing of a mechanic’s lien.

Selecting the right attorney can impact your ability to secure your receivables. There are many considerations when weighing your options.

A Joint Check Agreement is an agreement between parties, allowing one party to make payment through a check issued to two or more payees.

When preparing a UCC filing, minor deviations in the name of the debtor can prevent a security interest from being perfected. 

Did you know, failing to serve the requisite prelien notice in a state where it is required can invalidate your mechanic’s lien?

How can you make the collections process less painful for your credit team? Why is it important to partner with the right agency? Answers here

It’s time to make a claim against the bond. But, what is a bond claim? Whose bond are you going to claim against? Can you only claim against a bond if it is a public project?

Properly perfecting a security interest under UCC Article 9 is an art form. Make sure all required information is included and accurate.

Congratulations, you filed a UCC to position yourself as a secured creditor! Unfortunately, your customer has defaulted on payments. Now what?

A Lien on Funds (aka a stop notice or public improvement lien) stops the flow of funds on a project until it can be shown you've been paid.

Do you know that if your customer changes their name you must amend your UCC filing or your security is jeopardized? Learn more here