.jpg)
IRS lien for priority taxes has not equity to attach to
charset="ISO-8859-1"
Hello Alik:
1. No, it is not treated as secured.
2. A. No, you cannot strip it.
B. Yes, priority portion reverts to priority.
C. Yes, general unsecured portion reverts to general unsecured.
You accomplish this by calling the bankruptcy specialist who signed the POC,
and pointing out what's going on. If that person doesn't agree to amend the
POC, you file an objection to the claim.
John D. Faucher
Hurlbett & Faucher, LLP
5743 Corsa Ave., Suite 208
Westlake Village, CA 91362
(818) 889-8080
Fax: (805) 367-4154
http://www.hurlbettfaucher.com/
3324 State Street, Suite O
Santa Barbara, CA 93105
(805) 963-9111
This electronic mail message and any attached files are confidential,
contain information intended for the exclusive use of the individual or
entity to whom it is addressed, and may be legally privileged. If you are
not the intended recipient, please immediately reply to John Faucher (at
818/889-8080 or john@hf-bklaw.com )
indicating that you received this message and then delete the message
without delay. Thank you for your cooperation.
Disclosure Under U.S. IRS Circular 230: The recipient may not use any tax
advice contained in this communication, including any attachments, for the
purpose of avoiding federal tax related penalties or promoting, marketing or
recommending to another party any particular transaction or matter.
On 1/10/12 8:26 PM, "Alik Segal" wrote:
>
>
>
>
>
> IRS tax lien for some priority and some nonpriority taxes has no equity to
> attach to (i.e. the senior mortgage balance is greater than the value of the
> property). In this situation,
>
>
> 1. Is the tax lien treated as a secured lien? In other words, is it entitled
> to interest?
>
> 2. If it is not treated as a secured lien, then
> A. Is it subject to being stripped as a junior lien (Lam)?
> B. Does priority portion revert to priority status?
> C. Does nonpriority portion revert to nonpriority status?
>
> --
> Alik Segal
> Alik.Segal@gmail.com
> 310-362-6157
> California Central District
>
>
>
>
>
charset="ISO-8859-1"
Hello Alik:1. No, it is not treated as secured. 2. A. No, you cannot strip it. B. Yes, priority portion reverts to priority.C. Yes, general unsecured portion reverts to general unsecured. You accomplish this by calling the bankruptcy specialist who signed the POC, and pointing out what's going on. If that person doesn't agree to amend the POC, you file an objection to the claim. John D. FaucherHurlbett & Faucher, LLP5743 Corsa Ave., Suite 208
The post was migrated from Yahoo.
IRS tax lien for some priority and some nonpriority taxes has no equity to
attach to (i.e. the senior mortgage balance is greater than the value of
the property). In this situation,
1. Is the tax lien treated as a secured lien? In other words, is it
entitled to interest?
2. If it is not treated as a secured lien, then
A. Is it subject to being stripped as a junior lien (Lam)?
B. Does priority portion revert to priority status?
C. Does nonpriority portion revert to nonpriority status?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
California Central District
IRS tax lien for some priority and some nonpriority taxes has no equity to attach to (i.e. the senior mortgage balance is greater than the value of the property). In this situation,1. Is the tax lien treated as a secured lien? In other words, is it entitled to interest?
2. If it is not treated as a secured lien, then A. Is it subject to being stripped as a junior lien (Lam)? B. Does priority portion revert to priority status? C. Does nonpriority portion revert to nonpriority status?
-- Alik SegalAlik.Segal@gmail.com310-362-6157California Central District
The post was migrated from Yahoo.