A lien is usually preserved with a Financing statement and by notifying the tax assessing authority to place it on record to be discovered and listed via a Title Search before closing. If a sale, refinancing, or foreclosure occurs, the unpaid balance may be paid from the proceeds if there’s enough money to cover the lien. If there’s not sufficient proceeds to pay the lien, the lien will be extinguished.
Learn more about utility bills as consumer debt in bankruptcy here.
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