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NCS Credit Blog

Stay up to date with the latest articles on Collections, Notice & Mechanic's Liens, UCC Filings, and Industry Trends for your business.

Progress Payments Have Stopped, Now What?

Progress Payments Have Stopped, Now What Should You Do? Progress payments are payments made as work progresses under a contract, upon the basis of costs incurred, percentage of completion accomplished, or a specific stage of completion. Progress...

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A Demand to Commence Suit May Shorten Your Deadline

Did You Receive a Notice to Commence Suit? Your Suit Deadline May Be Shorter Than You Think The mechanic’s lien and bond claim processes follow the...

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Retail Bankruptcy and the Impact on the Landlord

Bankruptcy, Bankruptcy Everywhere. Landlord, Landlord Have No Fear Landlords are impacted by retail bankruptcy, too! The hot topic continues to be...

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DIP Financing: What Is It? Who Provides It?

DIP Financing: What Is It? Who Provides It? What If You Filed a UCC? DIP stands for Debtor in Possession. When a business files for chapter 11...

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Serve a Mechanic’s Lien on an Out-of-State Party

Need to Serve a Mechanic’s Lien on an Out-of-State Party? According to One Case, You Should Serve the Lien via Certified Mail with Return Receipt...

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Retail Bankruptcies and Their Impact on Consigned Goods

Retail Bankruptcies and Their Impact on Consigned Goods The next time you take a trip to your favorite retailer, stop for a moment and think about...

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Are Pre-Construction Management Services Lienable?

What Are Pre-Construction Management Services and Are They Lienable in New York? The Westchester County Supreme Court has determined...

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Serving a PA Mechanic’s Lien: Sheriff or Public Posting

Be Sure to Serve the Mechanic’s Lien via Sheriff or Publicly Post It In Pennsylvania, statute dictates a mechanic’s lien be served by a sheriff. If...

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Mechanic’s Liens and Bond Claims are a Right

Mechanic’s Liens & Bond Claims are a Right, Not a Blanket If you have supplied materials or labor to a construction project, you have a right to be...

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Subcontractor Granted New Hampshire Mechanic’s Lien

Subcontractor on New Hampshire Project Granted $4.9M Mechanic’s Lien In a recent New Hampshire case, the subcontractor alleged the general contractor...

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