Texas offers two significant forms of collection for parties who have won a judgment (i.e., judgment creditor) in court: Writs of Garnishment and Writs of Execution. Learn the difference in these and the circumstances for when each should be used.
Texas law provides different methods for collecting a judgment in Texas regardless of whether the judgment originates from the state of Texas or another state. When a person or entity recovers money damages in a court, it will primarily be in the form of a judgment. A judgment is merely a piece of paper that declares a person or an entity owes another person or entity money. In order to collect on that piece of paper, consider the rules in this article.
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You don’t want to file fraudulent liens and invalid liens. So as a contractor, you must work with a skilled Texas construction lawyer to ensure the liens they file are valid and accurate. Learn more about why in this blog.
As many creditors know, the state of Texas provides robust protection for debtors, and navigating the process for post-judgment collections in Texas can be an overwhelming experience for even the savviest professional. Attempting debt collection during an economic slowdown can further compound a creditor’s frustration as they face an increase in slow-pay and no-pay debtors. After countless demand letters go ignored, creditors often turn to litigation in hopes of getting paid.
Texas is a unique state when it comes to lien laws, especially in the residential world. Unlike many states, Texas is a homestead state, meaning homesteads have specific regulations for their protection—but can still also be liened under specific circumstances.
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Implementing a solid collections strategy is crucial to getting paid what you are rightfully owed. Collecting on your construction projects should be the last thing you have to worry about, but getting paid on time—or sometimes even at all—is a huge issue the construction industry faces.
Imagine all the business opportunities that open up when you can secure the money you are owed. In this blog, you’ll learn more about what a lien is and what your lien rights are. Once you know what’s needed to have a valid lien, all the leverage is yours.
Most, if not all, of your profit for your project is in the retainage payment. Don’t just walk away from retainage! Protecting your right to payment and protecting your bottom line is crucial as a business owner in the construction industry.