A lien, laying legal claim on another's property to secure the payment of a debt or the satisfaction of an obligation, is a very serious situation, particularly for a small business. Tangible assets ...

A mortgage lien is a mortgage lender’s legal right to take legal possession of your home if you fail to pay your debt — a process known as foreclosure. This claim makes your home the collateral that ...

When you buy an existing business, you become responsible for any Internal Revenue Service tax liens filed against the business. The IRS files a lien when a business owner fails to pay the taxes that ...