Does prepetition IRS lien become attached post-discha=
Posted: Wed Jan 16, 2013 11:07 am
State exemptions do not apply to federal liens.
Law Office of Peter M. Lively * Personal Financial Law Center I
11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
Telephone: (310) 391-2400* Toll Free: (800) 307-3328 * Fax: (310) 391-2462
________________________________
To: Cdcbaa Yahoo Listserv
Sent: Tuesday, January 15, 2013 9:52 PM
Subject: Re: [cdcbaa] Does prepetition IRS lien become attached post-discharge only to prepetition property or also to newly acquired property like wages and bank accounts?
The lein attaches even if the schedule B assets were exempt?
On Jan 15, 2013 1:48 PM, "Dennis McG" wrote:
>
>
>
>
>On Tue, Jan 15, 2013 at 12:41 PM, Alik Segal wrote:
>
>>
>>Mates,
>>
>>
>>I am sure this has come up before, but I cannot come up with the right key words to find it.
>>
>>
>>After IRS files a lien, the debtor files bankruptcy and receives a discharge. All tax debts were dischargeable. The personal property os Schedule B was worth a total of $10,000.
>>
>>
>>1. Does the IRS have a lien on those specific items listed in schedule B?
>yes
>2. Does the IRS lien attach to new property acquired after discharge including wages and bank accounts?
>no
>3. Does the total amount owedat discharge(total value on schedule B)remain the same except for interest?
>>
>yes
>
>
>Alik
>
>
>You can call and ask the IRS what amount they want to collect to abate the lien. They will tell you. Client pays, lien gone.
>
>
>Or, you can file a 13 and pay the 10k in a plan. put in misc provisions lien is void after plan is paid.
>
>
>dennis
The post was migrated from Yahoo.