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...
In Other Commercial Credit News (7)
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...
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...
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...
Pennsylvania Strengthens Payment Act (CASPA)
Pennsylvania HB566: Strengthens Contractor and Subcontractor Payment Act (CASPA) Early June, Pennsylvania enacted amendments to its Contractor and...
Residential Construction Projects & Liens in New Jersey
Compare & Contrast | Commercial & Residential New Jersey is one of 17 states with mechanic’s lien statute specific to residential projects. In New...
Adjudication and Ontario’s Construction Lien Act
Adjudication and Ontario’s Construction Lien Act As you are likely aware, the first wave of amendments to Ontario’s Construction Lien Act go into...
Value of Salvaged Materials Increased Contract Amount
Project Contract Amount Increased, Based on the Value of Salvaged Materials Can the resale value of salvaged materials from a demolition site be...
Convenience of Prevenient Arrangements and a Text Message
What Is a Prevenient Arrangement and What Does It Have To Do With a Text Message? A prevenient arrangement occurs when parties enter “…into an...
Pass-Through Claims and The Severin Doctrine
Pass-Through Claims, The Severin Doctrine & Why You Should Be “in the Know” In construction, a pass-through claim is when one party makes a claim on...