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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Mr and Mrs Snowie, who separated in February 2017, were subject of a sequestration order brought by London-based finance house Close Brothers and granted at Stirling Sheriff Court in August 2017.
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.
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 ($1.4 million) owed in unpaid taxes.
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. Spending by SAMHSA (the Substance Abuse and Mental Health Services Administration), NIMH (the National Institute of Mental Health), and HRSA (the Health Resources and Services Administration) includes programs sustaining healthcare workforce training and mental health research.
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.
On March 1, 2013, President Obama signed the sequestration order
After the verdict, Kling says, one of the jurors told him that she got around the sequestration order. "While she was saying on the phone to her husband, with the deputy standing next to her, 'Hi honey, how are you, I love you, how are the kids,' her husband was holding up the phone to the television so she could hear the 6 PM news." Kling warns any lawyers who believe that trying their cases in the media may form an effective part of their overall strategy, "It could backfire."
The court awarded the council a sequestration order, which means her assets will now be sold to pay off her debts.