Expo Holdings Inc. (EXPH)

[Acc441]

It's a little different in this case SBB....


Time is not on JD's side....and the IRS liens...if ignored by JD.. force lien holders like Southern community to enforce their rights through foreclosure....Southern has been notified :).



Factoring companies are well aware of the process.....NO ADDITIONAL factoring advances without risking the loss of the amount advanced...unless an agreement is reached between the factoring company and the IRS placing the IRS second..And given D&D displays' financial state..NOT LIKELY....it's a sore subject with factoring companies as well...they have been burned in the past.....JD's current factoring company either has...or WILL be notified :). Regarding invoices that were drawn upon before the IRS filing.....specific time-frames apply.



http://www.irs.gov/irm/part5/irm_05-017-002.html