Word: lien
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Dates: during 1980-1989
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Others were not so happy. Coon's office was besieged with complaints from angry lawyers and lien holders. "They said some very nasty things about me," the sheriff said, "but I expected it." However, some bankers and lawyers, perhaps aware of how popular Coon had suddenly become, were only mildly critical. Pittsburgh Attorney Bernard Markovitz, who handles foreclosures, said, "If Coon's intent is only to help them straighten out payment plans, I'm willing to let this slide." But he added, "Somebody has to pay. Nothing's for free these days. Other people have rights...
Never in history have so many nations owed so much money with so little promise of repayment. At stake is a gargantuan debt, a $706 billion lien held by banks, governments and international financial institutions around the world against a group of deeply troubled developing and East bloc countries. It is a sum nearly the size of the annual U.S. budget and more than three times that of Japan's; it is $154 for every man, woman and child on earth. It has mushroomed from about $ 100 billion only twelve years ago, keeping borrowers in bondage and lenders...
...Pudding does not pay the approximately $20,000 it owes the city in back and current taxes within a few months, the city will be forced to file a lien against the property, a spokesman in the city's delinquent tax unit said this week. If Cambridge takes action, the club will have six months to pay off the entire debt before the city can foreclose...
...have been in some communication with the club and (have) for a while deferred tax taking," O'Connor said. But he added. "We will not do it much longer. If the club does not pay everything within a few months, we will file a lien against the property...
Chase's action set off a chain of legal moves by other banks to protect their outstanding loans by suing to attach Iranian property. Morgan Guaranty, for instance, obtained a lien on Iran's 25% interest in two of West Germany's best-known companies: Friedrich Krupp, a diversified steel and engineering combine; and Deutsche Babcock, a manufacturer of industrial equipment. Meanwhile, Bank Markazi sued in London courts to unfreeze $3.3 billion in Iranian assets held in five London branches of U.S. banks...