sequestration order

sequestration order

A court order authorizing the seizure of personal property, or the rents or other income from real property,to be kept in safety under court supervision pending the outcome of litigation between the parties.The order is usually issued only when the creditor can prove that the debtor intends to fraudulently remove or spitefully damage the property to the detriment of the creditor. Normally the creditor requesting the order must post a bond in order to reimburse the debtor for his or her damages if it later turns out that the order was wrongfully entered.

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The Federal Court declared Peter Foster bankrupt last week, granting the ACCCs application for a sequestration order after he failed to pay costs in the SensaSlim matter.
The partnership was subject to a sequestration order by HMRC in 2016.
31 billion sale price due to the sequestration order.
The prosecutors' office dealing with the case said the sequestration order was lifted on June 24 and there was no legal impediment preventing a return to normal operations, although its investigation continues.
But now the Catholic Church is seeking a sequestration order to recover PS19,000 they claim is still outstanding.
The silver-tongued Malema himself is also likely to barred from public office this month if a court confirms a provisional sequestration order imposed in February because of 16 million rand ($1.
The question mark over Malema's political future and his leadership of the EFF will be addressed if a provisional sequestration order is finalised.
Topping the cuts list is the Department of Health and Human Services, which faces a 17 percent reduction, on top of cuts already made by this year's sequestration order.
The agency is complying with a sequestration order signed by President Barack Obama last month to automatically cut spending by $85 billion.
WASHINGTON, March 2 (KUNA) -- US President Barack Obama signed here Friday evening a sequestration order cancelling USD 85 billion in budgetary resources across the Federal Government for Fiscal Year 2013.
program during the period when a sequestration order is in effect.
After the verdict, Kling says, one of the jurors told him that she got around the sequestration order.