Does submission of an Offer in Compromise stop the filing of liens with respect to the liabilities while an offer is pending?
No. Liens will continue to be filed and/or continued with respect to liabilities despite the submission of an offer. If an offer is accepted, lien releases will be issued to the applicant upon payment. The applicant will be responsible for filing and recording the releases, including payment of any fee.
Related Questions
- As IARD now permits submission of Part II of the Form ADV, what is my firms obligation with respect to filing Part II and where can I get additional information?
- Does submission of an Offer in Compromise stop the filing of liens with respect to the liabilities while an offer is pending?
- Are partial payments required with Submission of an Offer In Compromise?
