Filed: Oct. 15, 2019
Latest Update: Oct. 15, 2019
Summary: ORDER APPROVING LIEN PRIORITY STIPULATION BETWEEN THE UNITED STATES AND THE STATE OF CALIFORNIA, FRANCHISE TAX BOARD TROY L. NUNLEY , District Judge . Plaintiff, the United States of America ("United States"), and Defendant, the State of California, Franchise Tax Board ("FTB"), have jointly filed a Lien Priority Stipulation between the United States and the FTB (ECF No. 11) ("Stipulation") with regard to the real property at issue in this action ("Subject Property"). In consideration of th
Summary: ORDER APPROVING LIEN PRIORITY STIPULATION BETWEEN THE UNITED STATES AND THE STATE OF CALIFORNIA, FRANCHISE TAX BOARD TROY L. NUNLEY , District Judge . Plaintiff, the United States of America ("United States"), and Defendant, the State of California, Franchise Tax Board ("FTB"), have jointly filed a Lien Priority Stipulation between the United States and the FTB (ECF No. 11) ("Stipulation") with regard to the real property at issue in this action ("Subject Property"). In consideration of the..
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ORDER APPROVING LIEN PRIORITY STIPULATION BETWEEN THE UNITED STATES AND THE STATE OF CALIFORNIA, FRANCHISE TAX BOARD
TROY L. NUNLEY, District Judge.
Plaintiff, the United States of America ("United States"), and Defendant, the State of California, Franchise Tax Board ("FTB"), have jointly filed a Lien Priority Stipulation between the United States and the FTB (ECF No. 11) ("Stipulation") with regard to the real property at issue in this action ("Subject Property").
In consideration of the parties' Stipulation and for good cause shown, the Court ORDERS:
(1) The Stipulation between the United States and the FTB is hereby approved;
(2) If the Court permits the sale of the Subject Property, the United States shall submit to the Court a proposed order of sale consistent with the Stipulation;
(3) The FTB agrees to be bound by the judgment in this case, which shall incorporate the terms of the Stipulation;
(4) The United States and the FTB shall each bear their own costs and attorney's fees, except the costs incurred in selling the Subject Property, which are to be reimbursed from the proceeds of the sale of the Subject Property prior to satisfying the outstanding liens on the Subject Property; and
(5) The FTB is excused from further participation in this action, until, and if, the Court permits the sale of the Subject Property.
IT IS SO ORDERED.
