Bankruptcy & Mechanics Liens

Over the next several days, I will be examining several interesting aspects of mechanics lien law as it relates to bankruptcy.  Unfortunately, sometimes the reason you don’t get paid on a project is because a party involved has filed for bankruptcy.  If that happens to you, what can you do? Does your mechanics lien protect you?  Will you still get paid?  What if you haven’t filed your lien before the bankruptcy is filed?  What if the time period for enforcing your lien will expire during the bankruptcy automatic stay?

I will address these questions and more in the next several posts – so keep an eye out.