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How can I do a payment plan for 12 months over the 90 days that I have to do a lien?

I have a client that wants to pay partially in a payment plan for 12 months (money he already has received from the insurance company, but it's stating because of covid19, he is struggling financially. What can we do to protect ourselves, in case he stops paying the monthly payments after the 90 days? Thank you for your help.

1 reply

Apr 12, 2020

You can record the lien to protect yourself and release it once he has paid in full. In my experience, if you don't record the lien, your chances of getting paid go down A LOT. Be aware that you must file suit within 1 year of recording the lien so you may want to watch it with that 12 month plan. Also, he has the money and won't pay you? Not a good sign, protect yourself as much as possible. You should consider hiring an attorney to draft a payment plan that protects you.

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