delighted4 Posted June 21, 2005 Report Share Posted June 21, 2005 I have a lien and it was newly placed on my CR. The amount owed is questionable. One form states it is $5000 range and the other is $11,000 range. I was never served. I did get a certified letter some time ago(that I just found). The amount is still in the $5000 range. What do I do?I get offers from companies offering to settle for pennies on the dollar. What do you think? Link to comment Share on other sites More sharing options...
Methuss Posted June 21, 2005 Report Share Posted June 21, 2005 If this is a tax lien, you must try to make some arrangement to pay it. Tax liens do not go away with bankruptcy and they do not expire, ever. To add injury to insult, they accrue interest at your State's stautory rate which can be anywhere from 9-21% annually. So don't procrastinate on this, the bill will just get bigger and bigger the longer you wait.As for not being served, tax liens don't require it. The government does not have to sue you for taxes. It's complicated, but suffice it to say that when you are taxed, it has already gone through the court system with the tax authority filing a certificate with the courts that there are unpaid taxes. Link to comment Share on other sites More sharing options...
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