February 23rd in Insolvency, News by Editor .
In Hoc To The Taxman, Creditors Trying to Seize Collateral?
What would you do to show them how big your middle finger is, bulldoze your house?
Terry Hoskins, of Moscow, Ohio had IRS (that’s the US tax man to you and me) liens slapped on his carpeting store and other properties. As he had used his personal residence and these other properties as collateral for his business, his bank decided to foreclose on his home. Hoskins wasn’t okay with that:









