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Old 01-11-2008, 06:46 AM   #1
lam2580
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The IRS vs other debtors.
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I owe the IRS AND other debtors (city/state (WA) taxes, credit card companies, and a landlord) a substantial amount of money. The IRS has put a lien on my assets and I have negotiated an Offer and Compromise with them making monthly payments for ten years to pay off my debt. The IRS was first to file a lien and I believe it remains with the IRS until they are fully paid. I have very little assets and the debt is being paid off from work. The remaining debt incurred from an un-successful business venture. My old landlord is suing me for the money I owe to them as well as the city and state taxes. I can't pay them what I don't have. Since the IRS has the lien, and the Offer and Compromise is a ten years agreement, does the Statute of Limitations play some sort of "saving grace" towards my other debt? If not, what happens next?
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