Mechanics' Liens in Contractor Bankruptcy

• Client: Ground lessor
• Date: Feb 02, 2010
• Location:

Summary:

Schiff Hardin represented a ground lessor in connection with obtaining indemnification by way of title insurance endorsements over mechanics' lien claims filed as a result of the bankruptcy of a contractor engaged by a ground lessee.

The title insurance coverage provided collateral required by the ground lessor to allow the ground lessee time to negotiate settlements with the contractor's subcontractors, who had also filed mechanics' lien claims arising out of the contractor's bankruptcy.