Sentences with phrase «concealed assets»

A few extra million pounds may be felt objectively to make little difference to Mrs Sharland's standard of living, but access to a share in concealed assets could make a huge difference in smaller money cases that are heard by judges every day.»

Failure to do so can trigger punitive damages; for example, concealed assets can be awarded to the other party.

If you have already received a bankruptcy discharge in the last six to eight years (depends on the type of bankruptcy you filed), if a previous Chapter 7 or Chapter 13 case was dismissed within the past 180 days, if you have enough income to feasibly satisfy a Chapter 13 plan, or if the bankruptcy court finds that you have tried to cheat your creditors or concealed your assets, then you won't be able to file for Chapter 7 bankruptcy discharge.

After reviewing all of the case materials, prosecutors concluded it actually would have been easier for the Silk Road criminals to conceal their assets in the traditional financial system.

A spokeswoman declined to answer a series of direct questions from CNBC about his case, instead providing a statement from Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department's Tax Division: «Bradley Birkenfeld was afforded due process of law and sentenced by a federal district court after full consideration of all relevant facts and circumstances, including his admission that he advised wealthy UBS clients on how to conceal their assets from the U.S. government,» she said.

If you knowingly and fraudulently conceal an asset from the court you have committed a felony and can be fined up to $ 500,000 imprisoned for up to five years, or both.

The fraud charges happen when someone knowingly conceals assets in a misguided attempt to protect them.

But, if you conceal assets and income that you should use to pay your back taxes, that's a different story.

You committed a bankruptcy crime (i.e. concealing assets, destroying documentation, lying under oath, withholding information, etc..)

However, couples are more likely to mislead each other by concealing their assets when they do separate — only 9 % of family lawyers surveyed in Grant Thornton UK's tenth annual matrimonial study have not had cases which revealed missing or concealed assets, compared to 20 % last year and the year before.

In this case the husband had done a lot (or his family before him and around him had done so) to conceal his assets.

However the trial judge specifically declined to find he could pierce the corporate veil: the husband's ownership and control alone were not sufficient to justify this, and there had been no impropriety linked to the use of the company structure to conceal assets.

By the very nature of the relief — directed towards preventing the defendant from dissipating / concealing his assets — worldwide freezing orders are only effective if applied for without notice.

Ablyazov enlisted his son - in - law, Iliyas Khrapunov, to help him conceal his assets, according to sworn statements from former associates of the fugitive financier.

Not exact matches

Perception of the debt - overhead problem is concealed by the characteristic feature of today's finance capitalism: an asset - price inflation of property markets, that is, rising land and stock market prices.

... Use of language that he «dodged» or «evaded» taxes are untrue; neither did he «hide» or «conceal» his assets as mischaracterized in many of the articles.

If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistleblower may be entitled to anywhere between 2.5 % (Minimum) and 5.0 % (Maximum) of thetotal amount recovered.

how to show off your best assets and conceal the not so great.

Put your assets out there in an elegant way with a V - neck dress that shows just enough cleavage while draping short sleeves conceal heavier upper arms while looking flirty.

However, there are some common misconceptions regarding the asset class which, in their view, conceal key strengths that an active manager could benefit from.

As you can see, there are serious consequences for concealing, undervaluing or failing to list assets.

The bankruptcy crime of nondisclosure or concealment of assets may also take the form of transferring or concealing property before you file without making the proper disclosures.

However, if the courts find that an individual concealed money or other assets, fraudulently transferred assets that should have been used to pay off debts, or otherwise broke the law, the entire bankruptcy case may be denied.

«Trustees in bankruptcy have an obligation to seek out and recover assets that have been concealed or put beyond the reach of the creditors by improper preferences, conveyances or settlements or by invalid security.

Charles Thomson Qualified: 2004 Made partner: 2014 Key cases: Acted in the Grupo Torras case for the past decade, assisting the Kuwaiti government to obtain and enforce judgments around the world and to successfully restrain and recover assets that were stolen through a sophisticated series of frauds and concealed in offshore trust structures and other asset protection vehicles.

Conventional efforts to collect on a judgment — identifying and executing on a debtor's property — is increasingly ineffective in the face of sophisticated methods open to litigants to conceal, transfer and structure assets and commercial activities across multiple jurisdictions.

The wife later went to court to have the agreement struck down, claiming that in the course of those negotiations the husband had either deliberately concealed or under - valued assets (which included a dairy farm and certain shares in a company), and had taken advantage of her emotional instability.

The blockchain ledger of share ownership often conceals the transacting parties» identities because assets are held in anonymous «digital wallets» bearing complex serial codes.

CRA will be using EFT details to more effectively identify Canadian taxpayers who participate in aggressive tax avoidance and those who attempt to conceal income and assets offshore and evade their Canadian tax reporting requirements.

When the Husband raised the argument against debtor prison, the Court countered by stating that the facts established «not mere default in payment of an order for payment of money, but a defiance of the court by manipulating, concealing and removing assets from the jurisdiction so as to make execution impossible.»

Jo Edwards, chair of family lawyers» group Resolution, says: «This decision has significant implications for other cases where assets are suspected of having been concealed, and could see many other recently finalised cases being reopened.

Individuals who bought cryptocurrency with the proceeds of unlawful activities; Individuals who accepted or converted other forms of currency into cryptocurrency to conceal income or assets from the IRS; Individuals with substantial unreported cryptocurrency income and / or gains; Individuals who derive all or most of their income from cryptocurrency (e.g., bitcoin miners); and Individuals who will continue to stick their head in the sand and fail to bring their unreported cryptocurrency into tax compliance, as some unreported foreign accountholders still do.

As I mentioned, it was created as a vehicle to conceal the ownership of the asset.