Businesses work extensively on credit but every now and then, there are disputes concerning the payments of debts. The Massachusetts Mechanic’s Lien Statute is a law enacted to help safeguard contractors and suppliers “investment” in a construction project’s improvement. Whether it is a redesign or any other type of renovation project, the suppliers of labor and materials have the right to place liens on the property in order to help safeguard their payments.
The Massachusetts Mechanic’s Lien Statute Can Be Used Together With Prejudgment Security Tools to Increase Recoveries
Filing a Mechanic’s Lien Statute on your own can be quite complicated and have a high probability of failing. Courts can reject liens if the underlying paperwork has discrepancies, if the lien is void on its face or even if the deed is not properly referenced in the mechanic’s lien documents. Without using the mechanic’s lien statute, debt recovery becomes substantially more difficult in the construction industry. This is why the services of a proficient attorney become quite imperative. Investing some resources in an attorney from the Law Offices of Alan M. Cohen LLC can pay substantial dividends at the end of the day because the lien is filed appropriately and effectively.
Remedies Available under the Reach and Apply Statute Can Be Used with a Massachusetts Mechanic’s Lien
Since there is extensive credit involved in industries like construction, Mechanic’s Lien can be coupled with a reach and apply injunctions. The debtors can come up with the case that since another client is still to make the necessary payments, the mechanic’s dues are being withheld. A reach and apply injunction can cut the debtor out of the equation putting the supplier directly in contact with the other party. Again however, the issue comes down to how aggressive and persistent your attorney is. The Law Offices of Alan M. Cohen LLC is known and recognized for its dogged persistence in working to get its clients paid.
It is this type of Innovative Legal Tactics That We Use to Maximize Our Client’s Recovery
Alan M. Cohen and his team take pride in the way they deal with debt collection cases in construction disputes involving mechanic’s liens. There are a few attorneys that show this type of commitment and have such extensive experience as well as knowledge of the intricacies in secure debt collection. We use the Massachusetts mechanic’s lien statute to help suppliers safeguard their payments by placing a stay on the property as long as the payments are not made. A property with a lien on it is harder to sell or refinance because it does not have a clean title, unless the owner or general contractor purchases a bond. A bond is preferable because when you win, you don’t have to go through the effort of selling the property to get paid. This is a huge burden for any person or business to bear and the result is often negotiation for settlement. At the Law Offices of Alan M. Cohen LLC, our ultimate goal is to make sure that you get paid.
In order to learn more about us, visit our website at https://www.collections-law.com. You can also call us at (508) 620-6900 to schedule a consultation with our attorneys to discuss whether a mechanic’s lien can work for you and/or how you can use the mechanic’s lien to collect your money.