Mechanics' Liens

Last week we discussed several types of tax liens often filed against individuals and businesses. Another form of a lien commonly filed is the Mechanic's Lien. A Mechanic's Lien is not necessarily an adverse filing, but under certain circumstances can suggest that a property owner has refused to pay a contractor for services rendered.

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Tax Liens

Tax liens are a useful resource for conducting public records research on a potential business partner, company or a political figure. For the potential investor, a tax lien can serve as a warning sign of deeper underlying financial problems. Additionally, many forms of tax liens qualify as secured creditors in bankruptcy proceedings, meaning paying the lien will take precedence over an investor's claim if the company were to seek Bankruptcy Court protection. For political figures, the existence of a tax lien can make them vulnerable to arguments that they are not meeting their civic obligations and are hurting the institutions funded by the unpaid taxes; such as schools, police or fire departments.

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Distinguishing Membership in a Professional Organization from a Professional Credential

Ron Lieber's recent "Your Money" column made a good point about the difference between a "credential" and a membership in a professional organization. Lieber's point concerned members of the National Association of Personal Financial Advisors but it could relate to any of the thousands of professional organizations that exist.

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British Parliament Expense Reports Released Online, but Redacted

This week, the British Parliament published expense reports for its members online in response to an extensive court and legislative battle originating from a five-year-old Freedom of Information request. The records made available by Parliament are redacted versions of expense reports that had been leaked last month to the Daily Telegraph, resulting in the recent scandal that has shaken up British government.

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The Carpetbagger’s Dilemma: Verifying Residency with Public Records

When an elected official, candidate or other public figure claims to reside in one place but actually resides elsewhere, they become vulnerable to allegations of carpetbagging, potentially resulting in disqualification to hold an elected office or other legal consequences. Two recent instances of suspected carbetbagging illustrate the ways in which public records can be used to demonstrate how a person does not actually reside at their claimed residence.

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Corporate Records

Corporate records, such as Articles of Incorporation and Annual Reports, can be a powerful tool to verify a company's existence and good standing, identify conflicts of interest, learn about a subject's potential wealth, or verify resume claims.

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The British Parliament Expenses Scandal: A Comparative Lesson in Freedom of Information Laws

The political scandal currently unfolding in Britain, in which numerous Members of Parliament have secretly billed taxpayers for reimbursement of their personal expenses, highlights the different approaches to Freedom of Information laws on opposite sides of the Atlantic. And interestingly, these records might not have been made public were it not for the efforts of an American journalist.

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