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Can I file a mechanics lien?

New York

Hi Carol, we are a secured lender to a project invoice factoring company. They have factored several invoices for one sub across multiple GCs, but the sub just went bankrupt. We wanted to learn more about our mechanic lien filing and collection abilities.

1 reply

Aug 12, 2022
Factors do not usually have rights to trust funds in bankruptcy, but it depends. frankly, you really need to retain counsel to assist you because you need someone to do a detailed review of the trust fund statutes as they apply to your loans.
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