article thumbnail

Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

Lien 96
article thumbnail

#83:  The Impact of Bankruptcy on Perfecting a Mechanic's Lien

NH Construction Law

As discussed in an earlier blog (#60), in order to “perfect” a mechanic’s lien in New Hampshire the lienor must institute court action for the purpose of getting an attachment order, Topjian Plumbing Heating, Inc. Suppose the owner files for bankruptcy protection before that step is taken. Bruce Topjian, Inc. ,

Lien 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry.

article thumbnail

Construction Estimating

Chianelli Estimating

Construction estimating is an important task that should not be overlooked or done in a careless manner. Failing to prepare a reliable construction estimate could make the difference between a successful project and a complete fiasco aided by a calamity of errors. Preparing an estimate does not come without a cost.

article thumbnail

Mechanics Lien and Bond Claims Best Practices

Best Practices Construction Law

While I generally limit my guest posts to my fellow law partners, I simply could not resist sharing with you today's post from my friend and construction attorney, Scott Wolfe, Jr. He is the founder of Zlien.com , a national mechanics lien filing and compliance management service. I hope you enjoy. + + + + + + + + + + + +.

Lien 48
article thumbnail

#121:  Owners' Duties to Withhold Money for Subcontractors

NH Construction Law

6, 2023), decided by New Hampshire’s bankruptcy court. A Chapter 11 proceeding was commenced by a continuing care retirement facility in Keene whose real estate was subject to a construction mortgage and several mechanic’s liens. The case is In re The Prospect-Woodward Home , 2023 BNH 001 (Jan.

Lien 40
article thumbnail

Lucky Supermarkets Bankruptcy Triggers $1.3M in Liens Against Retail Developer

ENR Construction

Construction on a new Florida store came to a halt.