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Home / Opinion Digests / Perfection of liens puts bank first in line of priority of liens over personal property (access required)

Perfection of liens puts bank first in line of priority of liens over personal property (access required)

In prioritizing competing liens on personal property, the court found a bank’s interests were superior to those of the Internal Revenue Service, which had tax liens against the property, because it had perfected its interests first. Background On Dec. 18, 2015, C. Waverly Parker and Michael A. Parker obtained a judgment against Premo Autobody, Inc. The Charlottesville ...