Sentences with phrase «seize assets because»

Not exact matches

Entrepreneurs like limited liability companies because they protect owners from having their personal assets seized by creditors of the business.

Because most SBA loans are secured by collateral and a personal guarantee, the bank will have the right to seize the business and personal assets you pledged.

Because of your personal guarantee on the loan, a bank may seize other personal assets in addition to your home.

That's because the courts can seize your personal assets if your business can't cover its debts.

District attorney Division Chief Edward Heilig said in an interview that expenditures from the asset forfeiture fund don't need legislative approval because they come from seized property.

Heilig said expenditures from the asset forfeiture fund don't need legislative approval because they come from seized property.

Because lenders have an asset they can seize if you fail to make your debt payments, the interest rate tends to be relatively low.

An unsecured creditor takes on more risk than a secured creditor because it does not have the ability to seize an asset right away if a borrower fails to repay the debt.

A College Savings Trust is unique from other college savings accounts because it's considered a protected asset and funds can not be seized regardless of parents» financial status.

Because of your personal guarantee on the loan, a bank may seize other personal assets in addition to your home.

These debts are considered unsecured because they are not tied to an asset that can be seized if payments aren't made.

Borrowers will never receive loan proceeds equal to 100 % of the collateral's value, because even the most liquid assets can only be seized and sold through a court process that involves delay and expense.

Trying to make a settlement with the IRS while you have no income or assets is probably futile; but as soon as you do get a source of steady income again it should become a high priority because the penalties won't stop stacking and you've got something for them to seize / garnish again.

Instead of fighting the charges directly, the company dissolved, pleaded «no contest,» and argued that no assets could be seized to make restitution to the Hawaiian Humane Society because, defense attorney Jason Burks contended, «In a criminal case against a corporation, the sentences are limited to probation, fines and restitution, and then the court can prohibit the corporation from owning animals.

It didn't take long for new developments to surface about the Italian Mafia infiltrating the renewable energy industry: Police officers have arrested a renewable energy exec and seized 1.5 billion euros worth of assets, because of alleged mafia ties.

It is extremely difficult to find a lender that will lend directly to a LLC because, as others have mentioned, the lender wants you to be personally liable should there be a default so that they can attempt to seize and lien your personal assets.