Levelset

JULY 5, 2022

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

Lien Legal Bankruptcy Claims 96

NH Construction Law

OCTOBER 22, 2023

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit.

Security 40

Security Contract Accounting Construction 40

Autodesk Construction Cloud

FEBRUARY 1, 2024

Late payments and non-payments are, unfortunately, pivotal contributors to declining contractor productivity eventually, in some cases, leading to bankruptcy for many GCs and subcontractors. Industry research supports these sentiments. Moreover, manual payment processes also increase compliance risk.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

NH Construction Law

NOVEMBER 23, 2019

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

Lien Bankruptcy New Hampshire Claims 40

Buisness Facilities Contributed Content

MARCH 21, 2014

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 15, 2014

The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

Income 108

Income Finance Zoning Employment 108