How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask TJ, Esq. Your Own Question
TJ, Esq.
TJ, Esq., Attorney
Category: Bankruptcy Law
Satisfied Customers: 12396
Experience:  JD, MBA
Type Your Bankruptcy Law Question Here...
TJ, Esq. is online now
A new question is answered every 9 seconds

A judgment was filed against us many years ago

Customer Question

A judgment was filed against us many years ago for approximately $38,000. In an attempt to collect, the Assignee of the judgment, SOCA Funding, LLc, is petitioning the court to appoint a receiver to collect. We have no property and very few assets. Also, there is another lien filed against us by the IRS for $131,000. Doesn't the IRS take precedent over any other creditors?
Submitted: 2 years ago.
Category: Bankruptcy Law
Expert:  TJ, Esq. replied 2 years ago.
Hello and thank you for the opportunity to assist you. My name is ***** ***** I will do my very best to answer your legal questions.
No, the IRS does not automatically get paid before other creditors. They have to get in line like everybody else. They do have some preferential treatment when it comes to garnishment, bankruptcy and other related matters. But the preferential treatment does not generally extended to lien priority.
My suggestion would be to retain a local bankruptcy attorney to see if bankruptcy could get these debts discharged and still save whatever assets you have.
Does that answer your question? Please let me know if you need clarification, as I am happy to continue helping you until you are satisfied.