Sentences with phrase «to seize assets»

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

If you fail to make your payments on your debt consolidation loan, your lender can seize your asset in order to get its money back.

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.

They can claim to have destroyed seized assets just to cover up other things.

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.

Historically, the investigating authority usually keeps the funds raised from seized asset auctions.

In the case of default by the project operator, the lenders may take control over the collection of revenue, or may seize the assets specifically pledged or others pledged as additional collateral.

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.

Without an agreement in place creditors can seize assets earned together during the marriage to satisfy an individual's outstanding debt.

In short, yes — if she is sued because of her debt and the debt collector wins a judgement, they can seize the assets in join accounts.

The lender can seize the asset if the borrower doesn't repay the debt according to the terms.

The Green Party also called for seizing the assets of the «too big to fail» banks, breaking them up, and turning them into state and community owned banks oriented towards developing the economy for the public good.

For federal prosecutors in Utah, sales of seized assets like cars are routine, but bitcoin is new territory.

Spanish oil explorer Repsol YPF SA is seeking more than $ 10.5 billion from Argentina for seizing its assets.

The government can also sue you at any time after your student loans are in default status, including seizing assets like your home.

I do mind a company seizing assets for no reason though.

Creditors are blocked from seizing your assets after filing a consumer proposal.

The bill would also bolster violence prevent and gang crime deterrence services that are offered by non-profit entities, partially funded with seized assets related to gang activity convictions.

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.

But Congo has seized assets held by Western firms in the past.

The U.S. Department of Justice filed lawsuits on July 20 seeking to seize assets tied to Malaysian state fund 1Malaysia Development Berhad (1MDB), saying that over $ 3.5 billion was misappropriated from the vehicle.

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.

First, you have to understand how government seizes assets from citizens — and what actions may not be politically acceptable even in desperate times.

Bo's campaigns against corruption also allegedly seized the assets of private entrepreneurs, in turn funneling these funds into state projects and welfare programs, effectively re-asserting state control over wealth.

The countries that plan to, and are currently seizing assets, are all wealthy.

It said its # 477 million of seized assets over the last three years was a record amount and pointed out it has frozen assets worth more than # 1.5 billion.

Germany is asking to release around # 900 million in seized assets while France wants to unlock # 4.4 billion.

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.

Also, refusing to pay your taxes can result in the CRA garnishing your income or potentially seizing your assets to settle your tax bill.

Any threat to immediately garnish wages or seize your assets when a judgment has not been obtained is illegal

A type of loan secured by collateral such as property or shares, where if the borrower defaults the lender can only seize the assets put up as collateral for the loan.

well i received a payday loan and never paid it back because i lost my job.but the people who i got the loan from haved turned my case over to an attorney said that if i do nt payback they will garnish all wages, income tax return, seize assets because the loan was not paid back.

These pieces of collateral offer assurance to banks that you will repay the loan.However, it's important to understand how these loans work, as failure to repay could lead to the bank seizing your assets.

The pair investigates a union dispute embroiled slaughterhouse filled with butchers wielding deadly circular saws, and the mansion of a corrupt lawyer seizing the assets of innocents on their quest.

A few weeks ago the Italian authorities seized the assets of the record sum of 1.5 billion euros.

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.

The ships are slowly going through their available food, water and supplies as the company struggles to find ports that will accept them — without seizing their assets.

Defended the Republics of the Philippines, Nicaragua and Liberia in over two dozen lawsuits before the U.S. District Courts in New York, New Jersey, the District of Columbia, and Florida concerning breach of contract, expropriation claims and attempts to seize assets owned by those governments in the courts» jurisdiction.

Summary: After the Department of Justice seized assets in an alleged misappropriation of public funds scheme, some major American law firms have...

US considering limits on China's tech investments The US Department of the Treasury is considering deploying a little - used law known as the International Emergency Economic Powers Act to potentially block transactions and seize assets if President Trump declares China's violation of US intellectual property rights a national emergency.

Placing a lien on your property (house, cars, land) and seizing assets like savings and investment accounts.

Unsecured loans are riskier than secured loans because the lender does not have the ability to seize an asset right away if a borrower fails to repay the debt.

If you ignore a debt collection lawsuit, the creditor may be able to seize your assets after it obtains a default judgment.

This means that creditors can not seize assets in Individual Retirement Accounts.

Generally, if you are on an installment agreement, the IRS will not seize your assets.

The new law also sets up a special purpose account so that the proceeds of seized assets from grow ops and other such criminal activities can be spent on enforcement, crime prevention and victim compensation, the government says.

Other potential savings include funding legal costs from seized assets of defendants (# 9m), greater use of wasted costs orders (# 9m) and reforming prosecuting procedures around VHCCs (Very High Cost Cases)(# 14m).

The lawsuits, filed in Los Angeles, seek to seize assets «involved in and traceable to an international conspiracy to launder money misappropriated from 1MDB».