Credit Tips Blog: Discover the Latest Industry Insights

Michigan amended a portion of its Construction Lien Act regarding mechanic’s lien rights & procedures for design professionals.

Securing mechanic’s lien rights on Tennessee projects can be a challenge. Let's break down the requirements & put you on the path to payment.

Be prepared for the next recession. Here's a few best practices you can implement to ensure you are prepared for the next economic downturn.

In bankruptcy, we frequently hear terms like preference payment, claw back, and new value. What do these terms mean? Further, what do these terms have to do with ice cream?

To file a mechanic’s lien in Arkansas, the lien must be filed against property you improved. Kind of feels like a face-palm moment, right?

Don’t leave money on the table as a result of no-hits and thin credit records on small businesses. With a comprehensive picture, you can issue higher credit limits and minimize your risk.

Is it a payment bond, performance bond, bid bond, contractor’s bond, prevention bond, discharge bond? And, who is a party to a bond?

What do you call the collective group of parties on a construction project? We often refer to the collective parties as the contractual chain or the ladder of supply.

Pros & cons of arbitration in construction disputes, plus the similarities and differences of arbitration and a lawsuit.

A Blanket UCC filing is a security interest in all the assets of your customer on a non-priority basis, eliminating potential conflict with your customer’s primary lender.

What do mechanic's liens, discharge bonds, and substitute teachers have in common? Check out today's post!

Here's a review Louisiana's requirements for the preliminary notice, mechanic’s lien, suit and even a bond claim.