Because you supplied goods or worked on property in New York and didn’t get paid, you were able to take advantage of New York’s lien law and file a mechanics lien.
By doing so you were able to put the world on notice that you have a claim as it relates to monies owed for goods supplied or work done on the underlying property.
You thought the only chance to get paid was to enforce your rights as it relates to the underlying property. Placing the lien didn’t get the attention you had hoped and enforcement of a lien is not always practical.
For one or more reasons, you have decided not to foreclose on your New York Mechanics Lien.
Are you now forced to abandon any hopes of getting paid on the receivable or can you get paid without foreclosing on your New York Mechanic’s lien? Continue reading “Can You Get Paid Without Foreclosing on Your New York Mechanics Lien?”
Fortify your collection policy with technology to maximize the policy’s impact to see more money in your pocket.
Your collection policy sets forth all of the steps from sale through invoicing and collection efforts. Included are checks and balances to support the efforts including documents, calendared dates for Continue reading “Fortify Your Collection Policy with Technology”
Contractors who service or provide goods to New York real estate possess an advantage over other unsecured creditors in New York. They may be able to lien real property without filing suit and without the owner’s permission. This New York collection attorney wants you to utilize all tools to collect any monies that are due and owing to you. A mechanic’s lien is one of those tools. Continue reading “Why Does Your New York Debt Collection Attorney Suggest You File a Mechanic’s Lien?”
Should I file a lien? Yes! A lien provides an interest in debtor’s assets. Several types of liens exist, all of which offer creditors additional tools or remedies that may be utilized to force payment. Security interests may be obtained before, during and after the transaction and vary depending upon the transaction.
Continue reading “Lien, Lien, Lien”