Sentences with phrase «collecting against the asset»

Not exact matches

Even if you went to court and got a default judgment against them for $ 92 plus court costs plus interest, it would cost an immense amount of time and money to identify assets from which you could collect and then use writs of execution and writs of garnishment to collect it.

For the most part, however, because enforcing debts against state governments is so difficult, transactions are structured as much as possible to prevent the need to enforce debts in that way through (1) legal limitations on governmental liability, (2) legislative budget rules requiring interest on debt and currently due principal payments to be made first, (3) third - party bonding of state and local governmental construction projects, (4) the creation of publicly owned corporations whose debts can only be collected out of the corporation's assets and revenues, and (5) avoidance of trade credit obligations by paying bills in cash.

There is no separate legal entity in a sole proprietorship situation so if the business is successfully sued, the person obtaining a judgement against the business can collect from the sole proprietor's personal assets.

In order to explore what makes corporations and LLCs different, it is important to first note the one primary way in which they are similar: both have a barrier that prevents business debtors from collecting against the personal assets of an owner.

They will collect all the claims against your estate and use any assets to pay your creditors.

Chinese companies and threat actors are collecting vast stores of psychographic and demographic data that can be leveraged by Big Data machine learning algorithms to produce insights that facilitate information warfare against populations, Counterintelligence operations against Intelligence assets, and precision - targeted attacks against critical infrastructure executives.

Then actually do so, you've got a good case, and if she has assets you can collect against I'd hire an attorney.

In most cases, the first 4 loans an investor receives are recourse loans, meaning that the bank can collect against your personal assets in the case of default.