FFGN COLLECT NY

JANUARY 26, 2022

Managing agents secure goods and services for the building(s) they manage. The client’s internal collection efforts are also generally targeted towards the managing agent. Mechanic Liens and Litigation. Working With Managing Agents in New York. Here’s the problem. Contact us for a consultation.

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FFGN COLLECT NY

FEBRUARY 2, 2021

Filing a mechanic’s lien may not be enough to get paid. While it works as a lien on the real property you improved, if not voluntarily paid, you will have to make a decision regarding what to do next. The lien itself can not secure payment for monies owed. Extending the Mechanic’s Lien.

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PBWT

FEBRUARY 1, 2021

Perfect your liens on time or you may lose them. That’s the painful lesson U.S. Ruling on plaintiff-debtor Southland Royalty Company LLC’s motion for partial summary judgment, Judge Owens found that Halliburton did not obtain a lien on Southland’s production of oil, natural gas, or their proceeds.

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FFGN COLLECT NY

JUNE 24, 2022

Lien on Property. Unlike a mechanics lien or other type of lien, a lien on real property as a result of debt collection generally occurs in one of two ways. New York does not offer a statewide lien as a result of filing a case somewhere in the state. Income Execution.

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Collections Law

MARCH 8, 2022

Depending on the situation, you may: File a mechanic’s lien – If you work in construction or home repair and did any work on a piece of real estate, a mechanic’s lien gives you an interest in that property if the homeowner does not pay.

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FFGN COLLECT NY

APRIL 21, 2022

For example, a subcontractor and/or general contractor can utilize a mechanic’s lien , and a moving and storage facility can use a warehouseman’s lien. The ability to lien is limited. You don’t need to wait until the demand phase to assert a lien. Security Interest. Litigation.

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FFGN COLLECT NY

AUGUST 1, 2022

Black’s Law Dictionary defines a trustee as “One who, having legal title to property, holds it in trust for the benefit of another and owes a fiduciary duty to that beneficiary.”. The subcontractor, supplier, or vendor is not required to file a mechanic’s lien to pursue a trust fund violation.

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Jimerson Firm

MARCH 14, 2024

Additionally, lien releases should be contemplated by the subcontractor agreement with comprehensive language included that addresses the subcontractor’s obligations upon receiving payment. Having clear and thorough payment terms tailored toward the specific needs of the project can help manage expectations and prevent future disputes.

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Credit Corp

MARCH 13, 2023

However, it’s important to ensure you’re protected from scams and engaging in a safe transaction. You can research options on Facebook marketplace, Auto Trader, eBay and any local classified publications, such as your city’s newspaper. If the seller owes money on the car, there’s a lien on the title.

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Credit Corp

JUNE 3, 2020

This can include utility companies, medical professionals, cell phone service providers and auto mechanic shops. Common methods include wage garnishment , property attachments and property liens. A consumer law attorney can help you understand your state’s laws on judgment collections. Property liens.

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Collections Law

MAY 12, 2022

More than that, however, is that you may pursue attachments to your debtor’s property in a variety of ways, either before or after you receive the judgment from the court. If you have filed a mechanic’s lien statement of account, those give you only 90 days to file suit.

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Collection Industry News

JUNE 16, 2023

These agreements may outline specific procedures, remedies, and dispute resolution mechanisms in case of non-payment or default. The court’s judgment can provide legal authorization for various actions, such as seizing assets, placing liens, or garnishing wages.

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FFGN COLLECT NY

JUNE 12, 2022

Punitive damages are defined as: Punitive damages are considered punishment and are typically awarded at the court’s discretion when the defendant’s behavior is found to be especially harmful. A creditor who willfully violates an automatic stay exposes themselves to damages and punitive damage.

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Collections Law

DECEMBER 10, 2021

One type of asset may be the debtor’s own accounts receivables. Even once you have a judgment in hand, many debtors still do not pay willingly. You may need to identify assets yourself in order to claim them for debt payment. Those require a separate legal process. When can you use a reach and apply injunction?

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FFGN COLLECT NY

DECEMBER 9, 2020

This can include notice of default, notice of non-payment, notice of pendency, notice under mechanics lien, notice that a debt collection claim has been filed or, that a judgment has been entered. Throughout the life of a debt collection claim, you may be required to give notice.

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The McHughes Law Firm

JUNE 22, 2016

Guest Blog by Murray S. In addition, the waiver or postponement of a legal right by the creditor, such as the institution of a law suit to collect an overdue account, or the filing of a mechanics lien , will be construed as consideration by the courts in most jurisdictions. Lubitz, Esq.,

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FFGN COLLECT NY

OCTOBER 31, 2023

The co-op or condo’s board of directors will hire a managing agent and task them with the job of carrying out the business of operating the building. Although the vendor looks to the managing agent for payment, it is the co-op or condo’s responsibility to pay. Is it worth expanding costs to collect the balance owed?

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Collections Law

JUNE 15, 2020

The Massachusetts Mechanic’s Lien Statute is a law that helps safeguard contractors’ and suppliers’ “investment” in a construction project’s improvement. Mechanic’s Lien—What is it and How Does it Work? A mechanic’s lien is a statutorily-created lien against the construction property.

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PBWT

MARCH 2, 2021

Less than 24 hours later, Bankruptcy Judge Marvin Isgur of the United States Bankruptcy Court for the Southern District of Texas entered an order confirming Belk’s Chapter 11 plan. In Belk’s case, this was clearly Judge Isgur’s most significant and singular concern. 21-30630 (February 24, 2021)(ECF No.

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Collection Industry News

AUGUST 9, 2021

The Act (S.9114/A.11181) 3) Tax Lien Foreclosures and Sales : The Act prevents local governments from engaging in a tax lien sale or a tax foreclosure (including, in connection with any unpaid tax, special ad valorem levy, special assessment, or other similar charge) until at least May 1, 2021. The Act (S.8192B

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