31 USC § 3713 - Priority of Government claims

Legal documents can be uploaded, posted, and discussed in this section
Post Reply
User avatar
Destry
Site Admin
Posts: 768
Joined: Sat Mar 31, 2018 11:38 pm
County: Fairbanks
Your State: Alaska
Contact:

31 USC § 3713 - Priority of Government claims

Post by Destry » Sun Apr 15, 2018 1:21 am

31 USC § 3713 - Priority of Government claims
(a)
(1) A claim of the United States Government shall be paid first when—
(A) a person indebted to the Government is insolvent and—
(i) the debtor without enough property to pay all debts makes a voluntary assignment of property;
(ii) property of the debtor, if absent, is attached; or
(iii) an act of bankruptcy is committed; or
(B) the estate of a deceased debtor, in the custody of the executor or administrator, is not enough to pay all debts of the debtor.
(2) This subsection does not apply to a case under title 11.
(b) A representative of a person or an estate (except a trustee acting under title 11) paying any part of a debt of the person or estate before paying a claim of the Government is liable to the extent of the payment for unpaid claims of the Government


When Banks transfer mortgages between them, Nothing is paid to the priority of government claim to repay the bankruptcy of 1933 .
“First, let no one rule your mind or body. Take special care that your thoughts remain unfettered... . Give men your ear, but not your heart. Show respect for those in power, but don't follow them blindly. Judge with logic and reason, but comment not. Consider none your superior whatever their rank or station in life. Treat all fairly, or they will seek revenge. Be careful with your money. Hold fast to your beliefs and others will listen.”
“Wise? No, I simply learned to think.”

Post Reply

Return to “Legal Documents”