Sentences with phrase «sell assets belonging»
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.
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«When he had the opportunity to serve as Director - General Bureau of Public Enterprises, common assets belonging to people were sold to individuals.
«They're selling an asset that belongs to the bank.»
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.
At the conclusion of the term of the reverse mortgage loan, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to the person and the person may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or the person must otherwise repay the reverse mortgage with interest from the person's other assets;