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What happens to non-maritime liens, such as federal, state and local tax liens and state law UCC liens?

April 26, 2017Federal happens Law liens local non-maritime State tax UCC

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What happens to non-maritime liens, such as federal, state and local tax liens and state law UCC liens?

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None are paid from vessel sale proceeds until all administrative expenses (see below) and maritime liens are paid in full. The balance usually is the owners property, and may be subject to non-maritime lien and other claims.