Glossary

Bankruptcy Adversary Proceedings involve lawsuits within bankruptcy cases that address disputes, often related to tax obligations and creditor relations.

A Property Value Assessment Appeal allows property owners to challenge the assessed value of their property for tax purposes, potentially reducing their tax liability.

Tax Certificate Investor Protection is a financial safeguard designed to protect investors in tax lien certificates from unforeseen risks and non-compliance issues.

Lien priority in bankruptcy determines the order in which creditors are paid. This concept is crucial for understanding creditor rights and debt resolution.

Tax Deed Transfer Restrictions govern the conditions under which ownership of properties acquired through tax deed sales can be transferred, ensuring compliance and protecting municipalities' interests.

Pre-Sale Bidder Requirements are conditions set for participants in tax lien or tax deed auctions to ensure eligibility.

An Unpaid Tax Notice alerts taxpayers of unpaid taxes and details the amount due, consequences, and options for resolution.

Asset protection against liens involves strategies and legal structures that prevent creditors from placing legal claims on your assets. It's critical for maintaining asset security and financial stability.

Title Commitment for Tax Liens refers to a document prepared during a real estate transaction that identifies any existing tax liens on a property. It ensures that a property title is free and clear of such liens before finalizing a sale.

The Redemption Penalty Fee is a charge imposed for withdrawing investments before maturity, impacting tax liabilities and overall financial planning.