• Mechanics Lien: Are Your Lien Rights The Best It Gets When Time To Collect A Debt?

    On May 22, 2013 By

    Mechanics Lien: Are Your Lien Rights The Best It Gets When Time To Collect A Debt?

    You are a subcontractor or supplier and you have an unpaid account on your hands. This can happen for a variety of reasons. Maybe your customer filed bankruptcy, is being stretched because of a pay when paid clause, or maybe they are involved in a construction dispute. Notwithstanding the circumstances the fact remains that your company isn’t paid and it’s hurting your bottom line and your quarterly numbers. What is the best way to collect?

    Alternatives To The Mechanics Lien

    The title to this post questions whether mechanics lien rights are the best it gets when it comes to collecting a construction debt. If you are a reader of this blog you know that I believe the mechanics lien is the collections holy grail. I’m not the only one.

    When it comes to lien alternatives, they are better than nothing, but they are not a substitute for powerful lien rights.

    I recently came across two articles by Joe Virene of the Texas Subcontractor & Supplier Legal Guide Blog examining non-lien remedies for his audience. His comments in each of the two articles struck me.  In the first, about Joint Check Agreements, he states “a joint check agreement is better than nothing, but it is not…

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