article thumbnail

Does a Lien Affect Your Credit Score?

Levelset

There are several different types of property liens , which are legal claims against the property held by a debtor. Credit bureaus can collect public information from state and county courts, including bankruptcies. Any legal financial-related data (judgments, liens, garnishments, etc.) What is a lien?

Lien 96
article thumbnail

Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. We pretty much had every asset in the company thrown into the project so there was nothing left.

Lien 186
professionals

Sign Up for our Newsletter

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

article thumbnail

Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.

article thumbnail

Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

Income 108
article thumbnail

Phantom Payouts

Business Facilities

” Readers were given the impression that huge bundles of cash were being “spent” to finance incentives for large corporations promising job-rich projects. Many locations adhere to statutory incentives, with legally mandated conditions, and avoid discretionary incentives, which are negotiated for a particular deal.

Austin 49
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

Income 75