{"id":345,"date":"2014-10-23T16:30:48","date_gmt":"2014-10-23T16:30:48","guid":{"rendered":"http:\/\/www.michaelsmithlaw.com\/blog\/2014\/10\/mechanics-liens-part-5-persona.html"},"modified":"2023-11-28T13:40:09","modified_gmt":"2023-11-28T18:40:09","slug":"mechanics-liens-part-5-persona","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/mechanics-liens-part-5-persona\/","title":{"rendered":"Mechanics’ Liens: Part 5. Personal Liability Notices"},"content":{"rendered":"

 <\/p>\n

[Note: This one of a series of six posts regarding mechanics’ liens:<\/p>\n

Part 1. The basics of credit risk and subcontracting.<\/a><\/p>\n

Part 2. Reallocating risk in construction projects.<\/a><\/p>\n

Part 3. Acquiring a lien.<\/a><\/p>\n

Part 4. Enforcing a lien.<\/a><\/p>\n

Part 5. Personal liability notices.<\/a><\/p>\n

Part 6. No-lien agreements.<\/a>]<\/p>\n

We’ve been examining the role of mechanics’ liens in construction contacts, including the way they reallocate credit risk among contractors and the owner of a construction project. The Indiana Mechanics’ Lien Statute includes another remedy for subcontractors who do not get paid, entirely apart from a mechanic’s lien against the real property where the construction takes place. The statute does not give a name to the remedy, but it’s often called a personal liability notice or PLN.<\/p>\n

To see how it works, let’s go back to the hypothetical example of our last article. Assume you are a subcontractor with a $15,000 claim against the general contractor, a claim the GC disputes. Now let’s assume that the deadline for filing a sworn statement and notice of intention to hold a mechanic’s lien has already slipped by. Are you out of luck?<\/p>\n

Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  [Note: This one of a series of six posts regarding mechanics’ liens: Part 1. The basics of credit risk and subcontracting. Part 2. Reallocating risk in construction projects. Part 3. Acquiring a lien. Part 4. Enforcing a lien. Part 5. Personal liability notices. Part 6. No-lien agreements.] We’ve been examining the role of mechanics’ […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-345","post","type-post","status-publish","format-standard","hentry","category-construction-law-mechanics-liens","category-contract-law"],"yoast_head":"\nMechanics' Liens: Part 5. 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