Sentences with phrase «liens against your assets»

Make certain, among other things, that there are no liens against the assets you're interested in.

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

If you don't reach an agreement, the IRS could place a lien against your assets.

UCC Filing: A Uniform Commercial Code - 1 (UCC) filing is a legal form that your creditor may fill out to create a lien against assets that are being used to secure a loan.

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

Not exact matches

Our revolving credit facilities provide our lenders with first - priority liens against substantially all of our assets, including our intellectual property, and contain financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition.

If your cash flow is squeezed and you miss loan payments, your assets may have a lien placed against them.

Ignoring your tax debt will impel the IRS to use tough tactics against you, such as placing a tax lien against your property or levying your assets until your debt is satisfied.

The Trustee's costs resulting from the Trustee's appearance in, prosecution of or defense of any such action are deductible from and will constitute a lien against the Trust's assets.

Seizable assets usually include financial levies on bank accounts and liens against property.

Because of their unsecured nature, personal loans differ from auto loans, which come with a lien against the vehicle, and mortgages, which are backed by the asset of the home, says Todd Nelson, business development officer with Lightstream, the San Diego - based online consumer lending division of SunTrust Bank.

A tax lien is defined as a state or federal claim against a company's assets or property due to their failure to satisfy a tax bill on time.

UCC liens against specific collateral: This type of lien gives creditors an interest in one or more specific, identified assets rather than an interest in all the assets owned by a business.

When the CRA registers a lien against a home they're «securing an interest» in an asset.

A lien allows the creditor who has obtained a judgment against a debtor to have a judgment attached to the debtor's assets, such as real estate.

There are so many other areas that are affected by non-payment of child support that can impact on your ability to clear the rest of your debt including the sale of your assets to cover the cost and liens on your assets to stop you borrowing against them to clear debt.

A lien that binds a specified piece of property, unlike a general lien, which is levied against all one's assets.

Borrowers who own property which has a lien against it may be forced to sell the property or asset to repay the monies owed to the lender.

A person is collection - proof if they have no assets against which a creditor may levy, no real estate to which a judgment lien may attach, and no non-exempt wages to garnish.

Banking laws prevent creditors from claims or liens against mutual fund assets held by a bank custodian.

If you miss the deadline: The IRS may file a Notice of Federal Tax Lien and / or issue a levy against wages, bank accounts or other assets if you don't pay the balance or contact the IRS to establish a payment arrangement within 30 days.

If the situation goes unresolved, the government can file a claim against property (Federal tax lien), seize property and assets (Federal tax levy), take part or all of a tax refund and garnish wages.

Tax lien: The IRS or a local taxing authority may file a claim against a defaulting tax debtor's property or assets for overdue or delinquent federal income or real estate taxes.

A lien is a lender's claim against a collateral asset that may be legally sold should the borrower fail to repay a loan.

Ian Martin: Right, in most situations, so, typically like those that debts are what we call unsecured debts where they don't have any kind of lien registered against an asset.

A tax lien is the government's claim against a consumer's assets, and it negatively impacts credits cores.

Though you have no obligation to secure your personal loan with some sort of collateral, a lender can still pursue legal action against you upon delinquency or default, and place a lien on your assets to secure repayment.

Faced with missing child support payments, custodial parents have two enforcement tools: one, the administrative enforcement by way of the child support agency, and two, filing a court action to enforce compliance The administrative action does not require a court appearance, and it includes interceptions of tax refunds, unemployment or wages, suspension of the noncustodial parent's drivers license and filing a lien against his or her assets.

The state can also seize the noncustodial parent's assets or establish liens against his property.