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.