Mechanic’s Liens
Any small business owner knows (or should know) that getting paid is paramount to staying in business. No one likes to work for free! As a bankruptcy attorney I know that the best way for a small business owner to avoid bankruptcy is to be sure to get paid. While there are a number of business practices and legal remedies available to all business and business owners to help collect debt, construction contractors have an additional tool available to them and only them: the Massachusetts Mechanic’s Lien. The Massachusetts Mechanic’s Lien statute is a highly technical and time sensitive process that allows contractors an additional avenue to collecting on debt by allowing them a lien upon the property to which they have provided improvements. However, in order to qualify for a Mechanic’s Lien there are several important steps and procedures that need to be complied with in a timely manner. The Law Offices of James Wingfield has the experience necessary to properly comply with the Mechanic’s Lien statute, in order to record and perfect a mechanic’s lien.
As a contractor it may not be enough to simply wait until you have not been paid by your ultimate customer or the general contractor, you need to prepare properly each time to allow yourself a proper avenue to collection. The Law Offices of James Wingfield can help you to set up the best business practices to comply with the Massachusetts Mechanic’s Lien statute each time you begin a job. The Law Offices of James Wingfield can also provide you with strong contracts that your customers and general contractors will be in a hurry to pay. To discuss how the Massachusetts Mechanic’s Lien can help your business to be more successful, call the Law Offices of James Wingfield today at 508-797-0200 or fill out our online contact form.
Resources
The Massachusetts Mechanic’s Lien Statute
