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What are the effects of a filed lien?

filed lien
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What are the effects of a filed lien?

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10

A filed tax lien enables the District to seize property (bank accounts, wages, and personal property) to pay the debt. OTR will also file the tax lien in county courthouse throughout the country where assets are located and owned by an individual, business, or owners and officers of a business. Since tax liens become public record, they can appear in local newspapers and business journals that list all Superior Court filings, in addition to being displayed on the Office of Tax and Revenues website. A tax lien will appear on a taxpayers credit history for 10 years, even after the debt is paid in full.

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