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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.

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 bankruptcy protection, the existing management or ownership maintains possession and control of its...

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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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Waiving Bond Claim Rights Under The Miller Act

Are You Waiving Your Bond Claim Rights Under The Miller Act? If you furnish to a federal construction project, and your contract includes a provision...

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Unsecured Creditors in Retail Bankruptcy Lose Out

The Importance of Being a Secured Creditor in Today’s Retail Climate In today’s highly credit-based economy, the looming threat of debtor bankruptcy...

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Pennsylvania Strengthens Payment Act (CASPA)

Pennsylvania HB566: Strengthens Contractor and Subcontractor Payment Act (CASPA) Early June, Pennsylvania enacted amendments to its Contractor and...

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