Is it illegal for a bank to open a business checking account to a company whose owner has a state tax lien?
Sunday, March 21st, 2010 at
16:48
Comments (2)
Thanks for coming back to visit.
We wanted to move our business checking account to another bank offering more services and were denied an account because of a state tax lien. Is this the law or is this the bank not wanting to deal with any hassle of a bank levy? The tax debt has since been put into a reorganization wage earner bankruptcy and is being paid every month. Would we be able to propose this to the new bank and have a better chance of getting an account or is just a legal matter that they cannot. The tax lien will stay on our credit report until it is completely paid (not for a while yet)
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Tags: better chance, business checking account, credit report, hassle, legal matter, levy, reorganization, state tax lien, tax debt, wage earner bankruptcy
