Is a mechanics lien worthless in the event of bankruptcy? Hardly.
In fact, bankruptcy circumstances are when the effectivness of the mechanics lien document really shines.
So much misunderstanding surrounds both bankruptcy proceedings and mechanics lien claims. The confusion is exacerbated when considering both legal tools at once.
This guidebook answers some of these important questions:
This ebook is written by Nate Budde, zlien's Chief Legal Officer and licensed attorney experienced in construction law, security instruments, and corporate credit law matters. Nate is a graduate of Stanford University (B.A.) and Tulane Law School (J.D.). He is author of zlien's Bankruptcy & Mechanics Lien blog series, which is the fountainhead for this informative guide. Nate, a native of the Pacific Northwest, is an eagle scout, and was a contestant on Jeopardy!