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Properties seized after closure

By Kristen Tribe | Published Saturday, September 7, 2013

The Wise County Appraisal District seized two businesses in Bridgeport last week, just days after the owner shut them down.

Joseph Byun of Lewisville closed the Diamond W Truckstop and Dry Creek store with little explanation to employees on Aug. 26. Two days later the appraisal district filed an affidavit to seize the contents of the property to prevent Byun from removing it from the county.

“We had to step in to protect our lien,” said Chief Appraiser Mickey Hand.

Byun only owes taxes for 2013, which aren’t due until Oct. 1, but Hand said Byun had been delinquent in the past. When he closed the businesses, Hand said that was cause for concern.

“We have reason to believe that something might disappear,” he said.

Byun owns the properties through KEB Financial Corp. Hand said Byun refinanced the properties in 2008.

“He won’t return phone calls or emails,” said Hand. “No one knows where he is.”

The chief appraiser was hopeful the financial institution would cover the tax bill. Byun also owes money to his gas distributor, Lawbella Gasoline Inc., out of Carrollton.

An order for a tax warrant was filed Sept. 3. If an arrangement for payment is not made within 10 days, the seized property will be sold.

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