Sentences with phrase «seize assets belonging»
The purpose of these post-judgment remedies is to seize assets belonging to the defendant so those assets can be sold and the money applied to satisfy the judgment.
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Security officers who seized a car belonging to Mr James Agyenim - Boateng, former aide to former Vice President Kwesi Amissah - Arthur, have released it back to him after satisfying themselves that it was not a stolen asset as previously suspected.
If an unsecured business loan has a blanket business lien, the lender is able to seize and sell assets belonging to a business to recover their losses.
ConocoPhillips has reportedly seized oil products belonging to Venezuela's national oil and gas company PDVSA on the Dutch island of Curacao in the Caribbean, after a local court authorised the company to take hold of US$ 636 million worth of assets to satisfy a US$ 2 billion ICC award.
With a recourse loan, if a lender forecloses or grants a short sale, the lender can still seize other assets belonging to the defaulting home owner to cover the lender's loss.
In other words, the lender may seize other assets belonging to the defaulting homeowner to cover the lender's loss.