More likely, there’s an email in your inbox with language similar to this:

Dear Sir,
We wish to retain your services to facilitate in the retrieval of delinquent accounts and holdings from our customers in United States . . . Someone is offering to hire you as their lawyer in order to help them transfer money. It sounds easy enough, but an empty trust account is often the result.

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Introduction

The Bankruptcy Court for the Eastern District of North Carolina has recently entered orders in two separate bankruptcy cases that impact the lien rights of subcontractors when a contractor files for bankruptcy. In both rulings, the bankruptcy court held that a subcontractor must file and serve a notice of claim of lien on funds before a contractor files for bankruptcy or it may lose its lien rights and be treated as an unsecured creditor in the bankruptcy case. Further, the bankruptcy court held that a subcontractor will also lose its subrogation claim if a Notice of Claim of Lien on Funds is not before a contractor files for bankruptcy. These holdings have a significant impact on subcontractors working with a potentially insolvent contractor as their state law lien rights may be lost if the subcontractor does not take action prior to a contractor’s bankruptcy filing.

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Did you know Lawyers Mutual has gone paperless? In an effort to encourage efficiency, we encourage you to communicate with us via e-mail. Under the “team” sections of our website, you will find employee e-mail addresses. As a reminder, if you are reporting a potential claim your policy requires that you report in writing as soon as practicable and sending your report via e-mail is acceptable.