In the days following Hurricane Harvey, news agencies reported only about 80 percent of homeowners in the affected areas were covered by flood insurance. As a result, uninsured flooded homeowners have sought other options to repair and replace their damaged property. In an effort to find alternative forms of compensation, some homeowners have attempted to direct their complaints at their builders, subdivision developers, municipalities, and state and federal authorities. This articles summarizes the recent legal actions considered by flooded homeowners, and information that homeowners and their builders should consider going forward.
Generally speaking, it is a good business practice to have all of the essential terms between the parties to be put into a written agreement before the work starts. But, in a situation such as the aftermath of a hurricane, that may not always be possible to do upfront. However, it is not too late to create one - even a contract signed during construction or work performed can be enforced.
Business Debt Collections: How an Attorney Can Help You
In the face of an unstable economy, it is essential that those in the construction industry understand the implications of an owner, general contractor, or subcontractor's bankruptcy filing and take appropriate action to reduce risk. The first step in protecting your interests is to obtain general knowledge of creditors' rights and remedies once a debtor files for bankruptcy.
1. What are the Terms of the Contract?
As in most relationships, it's a two-way street. Without effective communication and mutual respect, most relationships will fail. The same is true when it comes to your relationship with your attorney. Your attorney-client relationship is an important partnership, which seeks to maximize the outcome in your favor.
Texas law provides different methods to collect on a court judgment regardless of whether the judgment originates from the state of Texas or another state. When a person or entity recovers money damages in a court, it will primarily be in the form of a judgment. A judgment is merely a piece of paper that declares a person or an entity owes another person or entity money. In order to collect on that piece of paper, consider the following methods and rules:
The task of building or majorly renovating your dream home comes with both rewards and headaches. A common headache is seeing your home built with defective design and construction issues that your contractor refuses to fix.