NACM's Mechanic's Lien
and Bond Services has determined that there are 10 easy strategies to incorporate into your mechanic's lien
process that can speed up your money and reduce write offs.
My argument was, if I could have filed a mechanic's lien
after the bankruptcy petition, then receiving the same payment prior to the bankruptcy cannot be a preference because, if I would have filed a mechanic's lien
, I would have received payment.
NER argued that it had a fully secured mechanic's lien
on JMH's real property arising from NER's repair and installation of the emergency generator radiator at the hospital.
Subcontractors and suppliers named on the list but not paid can pursue mechanic's lien
and payment bond claims.
Krumm noted that existing Virginia statutes did not include "an exhaustive or exclusive list" of materials qualifying for a mechanic's lien
and that some unattached materials were critical in creating improvements to a building without being permanently annexed.
The existence of mechanic's lien
or bond rights played no role in this analysis.
Powelson noted such a decision "could open the flood gates" to many more mechanic's lien
filings over time.
Tarte held that although the roofing project had been substantially completed more than a month earlier, the deadline to file mechanic's lien
began to run upon removal of scaffolding and roofing brackets from the property at the request of the owner.
Of significance, the deed in lieu of foreclosure did not extinguish, or eliminate, the mechanic's lien
Defendants paid plaintiff the sum of $1,234,544 leaving an outstanding balance of $104,498, which formed the basis of plaintiff's mechanic's lien
attachments, which can be obtained without notice to the owner, are granted as a matter of right if one establishes the elements of a mechanic's lien
A mechanic's lien
is a form of security for contractors in the event they are not paid, Owen said.