Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Secure Debt Shall Withhold In King
State:
Multi-State
County:
King
Control #:
US-00181
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FAQ
In many cases, a bankruptcy discharge can eliminate your personal responsibility for secured debt, so the lender can't sue you for unpaid amounts. However, the lien on the property doesn't automatically go away. The lender can still take back the collateral if you stop making payments.
Contact a credit counseling service. A nonprofit credit counselor can help you come up with a plan for getting out of debt. They'll review your personal financial situation and budget with you and make recommendations for how you can tackle your debts, afford your bills and create a budget.
Dependency or Hardship Discharge The hardship is severe and not temporary. It has developed or gotten worse since your entry into the military. You have made every reasonable effort to improve the situation before applying for a hardship discharge. Separation from the military is the only solution to the problem.
Steps to Take to Become a Secured Creditor Prepare a security agreement with your customer. File a UCC-1 form or financing statement with the appropriate state office. Search for and notify other secured creditors that you have "perfected" or established priority.
Typically, a Hardship Discharge is utilized in cases where financial crises, severe illness or the death of a family member place a considerable burden on the service member.
A tax warrant is equivalent to a civil judgment against you, and protects New York State's interests and priority in the collection of outstanding tax debt. We file a tax warrant with the appropriate New York State county clerk's office and the New York State Department of State, and it becomes a public record.
While there are plenty of exceptions, common types of debt do not automatically transfer to heirs when someone dies. That doesn't mean these debts simply go away, though. Debt can significantly lower or even eliminate the assets that might be left to the family.
Potential outcomes of engaging in tax evasion include criminal charges, significant fines, the possibility of imprisonment, and a permanent record of a felony conviction, which can have long-term consequences on employment and personal reputation.
A tax warrant in New York is a legal claim by the state on personal and real property due to unpaid income, sales, or other New York State taxes. The Department of Taxation and Finance (NYS DTF) issues tax warrants, and they create a lien against assets, allowing the state to seize wages, income, and assets.
John, by the grace of God, king of England, lord of Ireland, duke of Normandy and Aquitaine, and count of Anjou, to the archbishop, bishops, abbots, earls, barons, justiciaries, foresters, sheriffs, stewards, servants, and to all his bailiffs and liege subjects, greetings.