However, when that information is converted to another form such as a tax lien or a criminal charge, it becomes a matter of public record and the criteria for disclosure may be very different.
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Wednesday's report drew sharp comment from Dean Zerbe, an AlliantGroup national managing director and former Senate Finance Committee Republican tax counsel who has been campaigning for a new small business taxpayer " bill of rights, " which would force the IRS to make an individual determination of the necessity of a lien, weighing the economic impact on the individual or business of a lien.
This increase notwithstanding, second-lien remains a small fraction of institutional loan issuance, at 5.6% in the year to date.
Since September, the average debt multiple through second-lien is a hefty 5.4x, versus 5.1x earlier in the year, with little debt cushion further down in the capital structure.
If the lien is a mistake, get it addressed.
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Following the expiration of a statutory period, unpaid tax liens are typically sold at public auction where interested bidders seek to acquire the lien at a favorable interest rate that the delinquent homeowner will pay upon redemption.
"Placing a lien or levy without protecting the rights of a business owner is a job killer and dries up access to credit overnight, " he said.
This applies if you paid off a lien placed against your property by material suppliers because of debts owed by a builder or contractor, and you made the payment so as to avoid foreclosure and loss of your property.
According to this article a Louisiana tax lien certificate will give you a nice rate of interest if the owner pays the delinquent real estate tax.
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He even suggested to the vice-Chairman of the CME that he could argue in front of the court that the judge grant a lien to CME on the MF Global holding company assets if the exchange were to put up a temporary fund to make MF customers whole.
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Of course, second-lien debt is a niche product for issuers that require higher leverage than is usually available in the first-lien market, but that in many cases are locked out of the regular-way high-yield bond market because of size, credit quality, or complexity.
They are about a tax lien holder fighting to have ownership of the property from a tax deed rather than being content with the redemption amount.
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Once these requirements are met, the IRS has a lien, whether or not the IRS files.
The IRS automatically has a lien, but it files notice so creditors know.
On Monday, the Commodity Customer Coalition filed court papers objecting to a lien on MF Global assets secured by J.
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Once a trust fund recovery penalty is assessed, a lien (legal claim) for it arises against all of the responsible person's property then owned or later acquired.
For example, you buy a home and later learn that the previous owner paid so little real estate tax that the local government has put a lien on the property.
The Company received a letter from the Brown Rudnick law firm which said that the retailer had breached a covenant of a bond indenture agreement by granting a lien on its inventory, according to the complaint.
Unfortunately, Germany did not understand that Britain did not have a lien on the whole world, and that (British interests apart) the views of other powers had to be taken into account, so that the desired territorial concessions could not be slipped into Germany's pocket without demur.
If the acquired lien remains unpaid after a statutory period, the purchaser generally initiates foreclosure.
Why else would it ask for a 2nd lien on the spectrum nobody at the moment can figure out how to use?
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Lawyers say this makes it possible for the government to seize their fees if the client has a tax lien or other obligation.
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Scenic designer Mimi Lien, who has a background in architecture, was conscious that the set needed to be fully functional and visually appealing at all angles.
If successful, Husky will be the first issuer to have a first-lien repricing since Gibson Energy in May.
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The company plans to originate and invest in first- and second-lien loans that will have a term of 3-6 years.
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The certificate represents a super priority lien on the property.
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Once a federal tax lien arises, the IRS will record notice of it against the responsible person in the register of deeds' office in the responsible person's county of residence.
The Residential Mortgage Banking segment directly originates primarily first lien residential mortgage loans on a nationwide basis with a significant presence within the retail banking footprint, and also originates loans through majority and minority owned affiliates.
Filing a notice of federal tax lien does that at least against unsecured creditors.
Name a bank, Wells Fargo, or a mortgage company, Countrywide Financial , or a one-time tax lien investor, and this issue affects its business.
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