Bankruptcies, March 2011

Chapter 7 — Straight bankruptcy; debtor gives up non-exempt property and debts are discharged. Chapter 11 — Business reorganization; protection…

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Tax liens, March 2011

A tax lien is a legal claim filed in court by a government against a person or business owing taxes….

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Tax judgments, March 2011

When an individual or business becomes delinquent in tax payments, the state can obtain a judgment against any property or…

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