What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances.
To be prepetition property, the security interest must attach to the property. A security interest attaches to personal property upon satisfaction of three requirements: (1) the parties have an adequate security agreement, (2) the secured party gives value, and (3) the debtor has rights or the power to transfer rights in the personal property.
Attached is a sample reasonable cause letter in support of a clientâs request that all penalties and interest arising out of his unintentional failure to file and pay Form 941 withholding taxes be waived. This is a heavily redacted version and should not be relied upon in any way, shape, or form in dealing with the IRS.