Mechanics lien


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Mechanics lien

A lien filed by a contractor or tradesman for unpaid work performed on a project, which becomes an encumbrance on the property until released by agreement, paid, or dismissed by action in the courts.
References in periodicals archive ?
Comprehensive overview of state mechanics lien laws and how they interact with federal bankruptcy law, including a detailed look at bankruptcy status based on classification of lien (statutory liens favored, judicial liens less protected), how mechanics lien laws differ among states and implications for bankruptcy treatment, bankruptcy code provisions relevant to the attachment, perfection, and enforcement of a mechanic's lien on the property of a debtor that has commenced a bankruptcy case (e.
Unlike creditors who are wholly unsecured, the members of the Ad Hoc Group of Secured Trade Creditors are either lien creditors or may have the ability to file liens under state-based mechanics lien or similar statutes.
Incorporate special foreclosure processes for vehicles and boats into Chapter 59 instead of the current separate section of the property code subject to changes intended for mechanics liens
It is essential that the agreement of sale obligate the seller to deliver the title free of all liens, as a distressed property owner's failure to pay contractors and suppliers may result in mechanics liens on the property.
In other cases, mechanics liens were illegally put on cars to sell them in order to pay for the fraudulent billing, phony repairs and fees, according to the lawsuit filed in Superior Court.
His practice focuses almost exclusively on construction-related matters including representing parties in bid protests, contract disputes, mechanics liens and surety law.
The workshop will include a panel of experts covering a variety of topics, including planning, budgeting, saving energy, hiring a contractor, contracts and mechanics liens.
bankruptcy status of the debtor, the differing ramifications of traffic risk versus availability payment structures, the implications of gaps in the collateral package, the possible impact of mechanics liens securing cost overruns)