Originally Posted by
krudawg
I seem to remember that during one of our infamous ESOP there was something about the Mechanics throwing a lien on the training center to insure they would not get screwed by the esop. Can anyone speak to that? My memory is hazy but I do remember something about the Mechanics putting a lien on TK.
Absent a court ordered judgement in Colorado you can't just put a lien on a property. A "mechanic's lien" does not mean that airplane mechanics can place a lien, but only for the unpaid work performed. Property liens that aren't valid can be easily cleared.
Also, any purchaser who knew the lien was invalid could buy the property subject to the lien.
This sounds like urban legend to me.