Contracts and Bankruptcy: 5 Steps That Get You Paid
A webinar presented by zlien will discuss how to secure lien rights and guarantee payment in the context of a bankruptcy involving a construction contract. The complimentary webinar will be Wednesday, Sept. 3, at 1 p.m. Central time.
On its website, zlien says the failure rates in the construction industry are some of the highest anywhere. Because of this, bankruptcies are an all-too-often occurrence. What happens when construction companies’ mechanics lien rights collide with the protections provided by the bankruptcy code?
This webinar will explore these issues and provide some answers to common questions regarding how mechanics liens fare in the face of a bankruptcy filing.
This webinar will cover:
- The “automatic stay” and how it relates to mechanics lien rights
- When a mechanics lien “attaches” for bankruptcy purposes
- Does the time period to enforce a lien get extended during bankruptcy?
- Can a mechanics lien be “stripped” by a bankruptcy filing?
