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If or When, Contingent Payment Clauses

Payment Clauses: Pay-IF-Paid or Pay-WHEN-Paid It’s hard to believe that two small words, with seemingly “useless, yet endless” functionality, can cause such a flurry of confusion and chaos. Though it’s true – “if” and “when” are two words that, if...

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Prelien Notice Mistake Invalidates Mechanic’s Lien

Prelien Notice Mistake Invalidates Mechanic’s Lien in Minnesota Today’s case is an unfortunate example of how one contractor lost its mechanic’s lien...

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How To Find a Construction Law Attorney

How to Find an Attorney that Understands the Intricacies of Construction Law You sent your preliminary notice; your customer’s invoices became past...

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North Carolina Notice to Lien Agent

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

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Protect Your Consignment Sales

Protect Your Consignment Sales with UCC Filings If you allow customers to have possession of goods under a “consignment” agreement prior to the...

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Recovery via Judgment Liens

Will I Ever Receive Payment on Old Judgment Liens and Mechanic’s Liens? Will you receive payment on old judgment and mechanic’s liens? Short answer:...

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Serve Notice After First Furnishing

Serve the Preliminary Notice AFTER You Begin Furnishing Did you know some states require the preliminary notice to be served after you begin...

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Accurately Indexed UCC Filing

Accurately Indexed UCC Filing: Conduct a Reflective Search After Every UCC Filing Obtaining a reflective search is the best practice to make sure the...

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Bankruptcy Payout Priority – Secured Creditors Make Bank

Bankruptcy Payout Priority – Secured Creditors Make Bank As a credit professional, you’ve likely heard this once or twice: “It’s better to be a...

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What is Subordination?

Avoiding Potential Pitfalls When Entering into a Subordination Agreement What is Subordination? Subordination is “the process by which a creditor...

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