article thumbnail

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

NH Construction Law

Suppose the owner files for bankruptcy protection before that step is taken. It is tempting to conclude that such retroactive effect is accomplished by RSA 447:9 , which states that mechanic’s liens “shall take precedence of all prior claims except liens on account of taxes.” Bruce Topjian, Inc. , 481 (1987).

Lien 40
article thumbnail

SoftBank-Backed Construction Technology Startup Katerra Set to Close

Pro Builder

It laid off hundreds of employees last year and neared bankruptcy. The company also faced an investigation into its accounting practices by the Securities and Exchange Commission and by its board of directors, according to The Information. Greensill also collapsed earlier this year.

professionals

Sign Up for our Newsletter

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

article thumbnail

What Your Business Credit Report Tells Lenders

Pro Builder

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. This tells lenders a bigger picture of your payment habits or whether you’re missing out on repaying debts. . What Is a Business Credit Score? What Your Business Credit Reports Tells Lenders and Others.

Debt 52
article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Accountants are the next highest paid accounting specialist. Most C.P.A. Most C.P.A.

article thumbnail

Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

This is a special type of bookkeeper who BS's their way into a job as a construction bookkeeper with little or no construction accounting skills and in a short time find themselves in over their head with no way out except to keep the game going until they are discovered. At that point he knew something was very, very wrong.

article thumbnail

BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

Buisness Facilities Contributed Content

The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455-million deal, according to a report in the Baltimore Sun. The company filed for a Chapter 11 reorganization of its debts in U.S.

article thumbnail

constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable.

Lien 40