Sentences with phrase «seize these assets from»

Note that when the IRS doesn't get paid, they seize assets from your accounts and garnish your wages, and charge hefty fees for the privilege.

In other words, creditors can not seize these assets from a debtor to pay the debtor's debts.

Furthermore, unless a collection agency has won a lawsuit against a debtor, it can't legally seize assets from a debtor or physically harm or threaten a debtor to make payment.

A look at the conclusion of a case in which four parties had attempted to seize assets from Kyrgyzaltyn JSC, a gold mining company owned by the state of Kyrgyzstan, to satisfy the parties» arbitral...

Not exact matches

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

On Wednesday, the U.S. federal prosecutors have filed civil lawsuits seeking to seize assets worth more than $ 1 billion, allegedly stolen from Malaysian state fund 1MDB, which has been under investigation for more than a year.

This summer, the Justice Department took the first public steps toward seizing $ 1 billion in assets that it says were moved to the United States after being taken from 1MDB by family and friends of Mr. Najib, the prime minister.

An attempt by the U.S. Department of Justice to seize assets bought with some of the $ 3.5 billion it says was stolen from 1MDB offer the clearest account yet of the bank's deep relationship with the Malaysian fund.

Yet, even with all increasing red flags that suggest that assets held within the global banking system could be devalued, frozen, or seized, or all of the aforementioned, including warnings of possible negative interest rates applied to commercial and corporate bank accounts in the near future from big global banks like the Royal Bank of Scotland, most of us go about our daily lives without giving a second thought about taking preventive actions to prevent such mind - blowing and negatively impacting life - changing events from happening.

The US Justice Department says at least US$ 4.5 billion was stolen from 1MDB by associates of Najib, and it is working to seize US$ 1.7 billion taken from the fund to buy assets in the US, potentially its largest asset seizure ever.

The church, officially called the Church of Jesus Christ of Latter - day Saints, disavowed plural marriage in 1890 under pressure from the U.S. government, which had imprisoned polygamists and seized their assets.

It's a law that allows authorities to seize cash or other kinds of assets from people they suspect criminal activity.

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.

Unfortunately, things went sour for VPG, and it isn't likely that much more money will be flowing from that company to the Kellner campaign, now that the government has seized its remaining assets.

Uboh also alleged that the EFCC had not accounted for «offshore recoveries» and that «over half of the assets seized from suspects are not reflected in EFCC exhibit records».

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

Newly disclosed records show Suffolk district attorney employees have received $ 3.25 million in bonuses since 2012 — $ 550,000 more than reported previously — as county lawmakers prepare for a hearing today on a bill to tighten legislative control over how proceeds from seized criminal assets are spent.

State Attorney General Andrew Cuomo is moving to seize millions of dollars of allegedly ill - gotten assets from a series of «Medicaid mills» run by a businessman who was a dentist in the former Soviet Union, according to papers filed in Brooklyn Supreme Court.

Records show the district attorney's office has paid $ 2.7 million in bonuses to top attorneys since 2012 from a state fund of assets seized in criminal investigations.

Gawker Media founder Nick Denton filed for Chapter 11 personal bankruptcy protection in order to prevent former professional wrestler Hulk Hogan from moving to seize his assets.

Chinda, who is from Rivers State, added that agencies went as far as destroying seized assets just to cover up the theft of such properties.

In the wake of the Kingston Police Department's withdrawal from the Ulster Regional Gang Enforcement Narcotics Team, Sheriff Paul Van Blarcum accused County Comptroller Elliott Auerbach of meddling and needlessly prolonging discussions on the division of assets seized by the multi-agency task force.

The bonuses, which were funded from assets seized in criminal cases by the district attorney's office, did not receive legislative approval.

The lead scientist played by Michael Stuhlbarg certainly has a different agenda than the military, whose focus seems to be more on preventing the Russians (closer than you think) from stealing the asset than in actually seizing the rare scientific opportunity for advancement.

In some cases, lenders require a «personal guarantee» from small business owners — a written promise that the borrower's personal assets can be seized if the company defaults on their debts.

When a borrower has a defaulted federal student loan (a loan that is more than 270 days past due), the government can seize certain income and assets from the borrower without a court order.

Current lenders would want to maintain their existing position in the priority hierarchy, to ensure they have the strongest possible position from which to seize assets or otherwise stake a claim on collateral should the debtor default.

Under the legal doctrine of civil asset forfeiture, your money can be accused of a crime, seized, and tried separately from its owner.

You'll also get some security from your creditors, who won't be able to seize your assets.

It differs from a mortgage, car loan, or secured loan in that the lender can not directly seize your assets if you fail to pay back the loan.

(I still owed $ 4500 from the hospitalization, due to copays, etc.) I rent and own a 14 year old car with no loan and a value less than $ 3000, so I really have no assets they can seize.

Non-recourse means if a borrower defaults on the loan, the issuer can seize the home asset, but can not seek any further compensation from the borrower — even if the collateral asset does not fully cover the full value of the loan.

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.

One especially impressive feature about these managers is how much they seem to learn from the businesses in which they invest: Fairholme's strategy of stockpiling cash (20 % of assets on average) to seize opportunity is straight out of the playbook of some of their favorite businessmen.

This can mean you will be getting a visit from a debt collector to recover the funds or the medical practitioner might decide to sue you for the money in which case your assets can be seized and your bank accounts frozen.

With a judgment from a legal court of jurisdiction, a creditor can attach liens, seize some assets, and garnish wages when it is legal to do so.

It could be fraudulent and be reversed months or years down the line, it could be funds from a criminal enterprise that will be seized under civil asset forfeiture later, etc..

This doesn't mean you will be going to jail if you don't pay your debts, but what will happen is the collection agency will obtain a judgement from the court which gives them the ability to seize assets or garish wages.

You need protection from your creditors to prevent them from garnisheeing your wages, or seizing your assets.

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's being reported this morning that Argentina, already in the midst of a severe economic turndown as a result of weakening commodity prices and international market conditions, is seizing $ 29 billion in pension assets, this after the country announced a few days ago that it would be devaluing its currency from its current rate of -LSB-...]

Things have gone from bad to worse in Venezuela, as ConocoPhillips moves to seize some of the Caribbean assets of Venezuela's state - run PDVSA to enforce a $ 2 billion arbitration award.

If Chevron, or any named Big Oil codefendant can show that the externalities of CO2 emissions are of net benefit, could they countersue entities that have suppressed CO2 emission, or benefited from CO2 emissions, & thereby place liens & seize the assets of companies selling carbon credits, or of any tangible real property associated with past ill - gotten carbon taxation & regulation?

Law enforcement officers usually don't have much to gain from lying (although this equation changes a law when police department can receive assets seized in civil forfeitures that they are involved in) and usually they want people who are «bad guys» to be in jail to protect «good guys» although they aren't always very concerned about the means by which they achieve these ends.

In a bankruptcy, insolvency practitioners» powers include the court - sanctioned ability to: interview under compulsion; search and seize property associated with fraud; obtain freezing orders on assets; overturn transfers of assets to third parties; obtain passport orders to prevent bankrupts from leaving the country; and order the delivery up of records.

With the annual cost of fraud in the UK reportedly as high as # 193bn a year, the two - year pilot scheme will see the City of London Police work with the firm to identify, seize and recover assets from criminals, with civil asset recovery litigation running alongside parallel criminal investigations.

A decision from the Wisconsin Supreme Court establishing the right of an unsecured creditor to have a sheriff seize and execute upon a court judgment against the assets of a debtor and forcing a judicial sale to find an equity in excess of the rights and value of an existing security interest held by a secured creditor in the subject assets.

Defended the Plurinational State of Bolivia in a lawsuit in the U.S. District Court for the Southern District of New York emanating from the nationalization of a telecommunications company and the attempt by the former investor to seize the telecommunications company's assets in New York and London.

During the pendency of the injunction case, the Attorney - General's Office, as Ministère Public, served a notice under Article 1026 - 9 of the CCP stating that the sum which the Council has been ordered by the arbitrator to pay exceeds by far the yearly grant allocated to it from the Consolidated Fund and that the enforcement of the interim award is likely to result in the assets of the Council being seized hence leading to the disruption of essential services provided by the latter which is not in the public interest.

According to the Financial Times, in December 2014, Brazilian police indicted 33 people and seized R$ 600 million in assets from six companies including German engineering firm Siemens and French train maker Alstom following an investigation into collusion to win contracts to build the rail system.