Given the current economic climate, more and more companies are filing Chapter 11 in an attempt to shed debt. We receive many calls from vessel suppliers inquiring whether the yacht’s or ship’s owner filing of Chapter 11 has any impact upon their right to enforce a maritime lien and arrest […]
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We receive many calls from marine contractors telling us they finished a project, the yacht owner was pleased with the work but were never fully paid. Unfortunately, this is the industry standard for the yacht refurbishing business. Luckily the law is on your side! The Maritime Lien Act gives a […]