Construction company ABCs involve mechanic’s liens on properties where work was performed, contractor license bonds that may respond to unpaid subcontractors, and complex multi-party relationships among owners, general contractors, and subs.
Construction-Specific Issues
The assignee must: identify all projects where mechanic’s lien rights may exist or have been asserted, evaluate the bond coverage available, coordinate with property owners on lien releases, and handle claims from subcontractors and suppliers who may have both direct claims against the general contractor estate and lien rights against specific projects.
Mechanic’s lien deadlines are unforgiving. Subcontractors and suppliers who are owed money by an insolvent general contractor must act quickly to preserve their mechanic’s lien rights — the deadlines are short and strict. An ABC assignee who communicates early with the subcontractor and supplier community reduces the volume of lien-related disputes in the estate.
The California ABC System gives business owners and creditors the exact tools, templates, and step-by-step guidance to navigate an Assignment for Benefit of Creditors — faster and cheaper than bankruptcy. Request your free evaluation here.
California ABC System — Assignment for Benefit of Creditors 
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