A mechanic’s lien is a powerful tool for contractors, trades people, and suppliers to help collect money owed to them. A mechanic’s lien is filed against a debtor’s property for money owed for the improvement of that property.
When used correctly, a mechanic’s lien can virtually guarantee payment of an otherwise uncollectable bill. When used incorrectly, however, lienors could lose their claim for payment, be liable for damages and attorney’s fees.
