unless it is written off by the court, it does. I would assume that it would be listed as debt by the party going bankrupt.
mail saying a company is bankrupt
Not necessarily but the person with the mechanical lien will for sure sue you and hold you accountable.
Depending on which province you are located in of course the following link may be of interest to you: http://www.davidsklar.com/personal_bankruptcy.htm
How can i get lien release from Quantum Auto Group? Since the company is bankrupt .
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
Yes, the title company can hold the seller responsible because the lien still exists. It was just a paperwork mistake on the behalf of the title agency. Somewhere down the line, it will interfere with the property if not corrected.
If the company holding a lien on a car ceases to exist, its assets are usually bought up or inherited by another company. A lien is an asset, so the lien continues to exist and you pay the money to the new owner. If the lien is held by one company but the car manufacturer ceases to exist, the lien stays the same.
The title company handling escrow and the documents should see the lien, which should be recorded, when they do the title search. When the sale goes through, the amount of the lien will be included in the settlement. If there will not be enough money, the debtor should be required to pay the lien and present a paid receipt for it. Possibly you could do a little research if you are aware of the sale of the house and call the title company to be certain that the lien has been found.
It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.
Lien Mya Nguyen goes by Mya.
Lien on Me - 2010 Hold-on-U - 1.6 was released on: USA: 14 September 2010
No, the lien company files papers with the courts and can get the title without you.