How to File a Lien and Get Paid in SunPower's Chapter 11 Filing
The recent Chapter 11 filing by SunPower has raised concerns for solar installers about how to secure payment for services rendered. While this situation is complex, there are steps you can take to protect your interests and ensure you receive payment. Please note, this is not legal advice, but a guide based on our experience. We recommend consulting with your attorney or contact NLB at 800-432-7799 for professional assistance.
Steps to Consider:
- File a Proof of Claim:This formal document asserts your right to receive payment. Ensure it's filed correctly and on time.
- Review Contracts:Assess your agreements with SunPower to identify any avenues for recovering payments.
- Secure Your Claims:Consider filing a mechanic's lien to potentially prioritize your claim over unsecured creditors. Our lien filing network can assist with this process.
- Collaborate with Other Creditors:Collective action can strengthen your bargaining position during bankruptcy proceedings.
- Engage with the Debtor Representatives in Bankruptcy:Communicate with the Debtor to understand the repayment plan and protect your interests.
NLB has a vested interest in helping installers and subcontractors secure payment, and our legal team is ready to answer your questions. We frequently assist subcontractors and suppliers and recently in California took steps in getting subs paid during a recent Chapter 11 case in Delaware.
We have the forms and procedures available to assist. You efficiently and quickly protect your lien claims and other rights. Our commitment to supporting industry professionals since 1986 remains strong.
If you're an installer impacted by this bankruptcy, consider coordinating with others in the same situation. Together, we can pursue effective recovery strategies and ensure we're all compensated fairly.
***NLB's general counsel and nationwide network of construction counsel can help you in securing and getting paid on solar installation receivables.
For further assistance, contact us at 800-432-7799. We're here to help you navigate this challenging situation.
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