Texas Lien Affidavits

Filing Your Mechanic’s Lien in the Lone Star State In most states, the preliminary notice is an important step for Subcontractors and Suppliers in the lien filing process.  Texas is no exception.  Luckily, you may have already met these requirements without knowing it. While Texas does have a specific prelien form, an invoice or request […]

Credit Manager Solutions: Part 4 of the Series: Using a UCC and Mechanics Lien

Using a UCC Some Creditors are comfortable filing a UCC Notice in order to help secure their position and in order to secure their loan or funding to a borrower or customer. However, when the borrower or customer is in the construction business, why stop at a UCC–why not go all the way and file a […]

Credit Manager Solutions: Part 3 of the Series: Deciding to File a Mechanics Lien

Deciding to file a mechanics lien is a often a difficult decision. It should not be.  Many companies do not want to upset their customers by filing a mechanics lien, but a mechanics lien is the only way that the law permits you to securitize the value of the labor and materials you provided to a project. Rather […]

Credit Manager Solutions: Part 2 of the Series: Security & Collections

Credit managers aren’t lawyers, but they do need to know the law…at least as it relates to keeping their receivables secure and preserving the company’s legal right to collect. When securing a receivable is not done, or isn’t done correctly, collecting the money owed can become more difficult. Construction projects in general provide a special […]