Based on a recent court decision, only licensed attorneys are allowed to prepare and record mechanic's liens for Minnesota contractors. This means liens prepared and filed by non-attorney collection agencies may not be valid and future liens certainly will be affected. Watch this brief video to learn more. Then contact Minnesota Construction Law Services to collect what you are owed for your construction projects.
MN Contractors Should Act Fast to Collect Bad Debt
As Minnesota sits in the middle of winter, many general contractors use this time to reflect back on completed jobs from the previous year and start planning for 2016. Part of that reflection includes jobs that were completed but the balance remains unpaid. The Commercial Collection Agency Association says that the probability of collecting on delinquent accounts drops dramatically each month after the due date, from 81 percent after two months to 52 percent after six months. Here at Minnesota Construction Law Services, our attorneys have the tools to collect your debt quickly.
