Legal Question in Credit and Debt Law in Kansas
Can contractor collect for debt and services rendered on property owned by L.L.C. under bank forclosure
Asked on 10/24/10, 10:06 am
1 Answer from Attorneys
Anthony Smith
LawSmith
Just because apiece of property has been foreclosed upon, does not prevent collection of the underlying debt. Whoever hired them to do the work, still owes the money. Depending upon who hired the contractor, the foreclosure may prevent the contractor acting against the property to collect the debt. If they asserted a mechanic's lien, that would help.
Good luck
Answered on 10/30/10, 7:29 am