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Monday, July 14, 2008

Wasted Resources

Do you know what a lien is?

www.dictionary.com defines a lien as “the legal claim of one person upon the property of another person to secure the payment of a debt or the satisfaction of an obligation.”

With the sudden increase in steel and cement prices these days, I bet a lot of people in the construction business are filing for liens. I believe before one can file for a claim one has to submit a preliminary lien notice. I have two friends who are into the construction business; I hope they don’t have to go through this. All these legal claims really only put good resources put to waste. (I bet the attorneys I know reading this blog would object to this! (^O^)/)

I would know really because back when I was in high school, my mom was swindled big time in her business. She had to file a claim to freeze the bank accounts and some of the properties of the offending party. And it’s taking years for the case to progress. (I wonder if what my mom did can be called a lien?)

I certainly hope nobody files a lien or any kind of claim against me!


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2 comments:

  1. unfortunately, it has become a norm rather than an exception in business. :(

    ReplyDelete
  2. @ freeze

    that's true ... my uncle is addicted to it, he loves filing cases now. hahaha ^^ maybe just because he has nothing better to do. lingaw daw to learn the law but he's learning it thru actual practice... defending and attacking at the same time ^^

    ReplyDelete

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