Sentences with phrase «with seizure of assets»
If creditors are threatening you with seizure of assets or income, chapter 13 may be a convenient way of repaying these debts.
https://www.scribnerbankruptcylaw.com/ Not exact matches
On top of the risk of federal prosecution, IRS targeting and asset seizure, cannabis entrepreneurs have to cope with the hazards of conducting a business that deals mostly in cash, since a majority of traditional financial institutions — banks, credit card issuers, and payment transaction companies — won't provide services to the industry.
What would be the economic and legal consequences from such seizures of assets if the government goes ahead with this plan?
When speaking with your family law lawyer with regard to the division of marital property you should be aware of which assets are exempt from seizure in a bankruptcy situation, such as pensions, some RRSPs etc. and which are not, such as your free and clear boat, camper or snowmobile.
In this chapter, we discuss certain of the variables counsel should anticipate, including extradition, asset seizures and forfeiture, interaction with local counsel, pool counsel and privilege considerations, evidentiary issues involving cross-border document production and parallel proceedings, and issues involving settlement and client reputational risk.
Our expertise includes cases dealing with investment fraud, Insider trading, Money Laundering, Pension fraud, Mortgage fraud, Bribery, commodities and currency frauds, Tax and VAT fraud, Duty fraud, False accounting, Fraudulent trading, Advance fee fraud, Corruption, Insolvency, Cartels, Missing Trader Intra-Community («MTIC») and carousel fraud, Boiler room fraud, Credit card fraud, Financial Regulatory Offences, Confiscation Orders, forfeiture and seizure of assets under the Proceeds of Crime Act or Drug Trafficking Act, police raids, Corporate Manslaughter, Disciplinary Tribunals, confiscation and forfeiture and Financial Regulatory Offences.
Srebnick, who worked on the appeal with Miami attorney Richard Strafer, argued that defendants should be allowed to keep their bank accounts and other worldly possessions unless prosecutors can show before trial that the evidence supporting an indictment justifies the seizure of those assets.
It is based upon the idea that «the seizure and sale of a state's assets to satisfy a judgment against it constitutes a particularly dramatic interference with its interests and could damage its ability to function properly» (see State Immunity: The United Nations Convention and its Effect, Joanne Foakes and Elizabeth Wilmhurst, Chatham House, May 2005).
«The United States government's attack on the popular cloud storage service Megaupload and the dramatized arrest of Kim Dotcom, the company's principal founder — together with the seizure of all their worldwide assets — represents one of the clearest examples of prosecutorial overreach in recent history,» it reads.
Tsarkov reportedly voluntarily disclosed having a crypto wallet with Blockchain.info, but opposed the seizure of his cryptocurrencies, citing that «Russian legislation does not consider cryptocurrency assets as property, [so] it is impossible to foreclose on them,» Interfax noted.