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What’s civil asset forfeiture?

[ad_1] Civilian asset forfeiture is the seizure of assets suspected to be involved in a crime. It originated in the US to curb drug trafficking and has spread to other nations. Governments argue it deters crime and increases law enforcement budgets, but critics argue it encourages “policing for profit” and can seize innocent people’s property. […]

What’s a forfeiture?

[ad_1] Forfeiture is the loss of property or assets due to failure to meet contractual obligations. Examples include mortgage defaults and stock purchase breaches. Legal action is necessary for recognition and transfer of assets involved in forfeiture. A forfeiture is loss or property or assets due to some kind of failure to meet contractual obligations. […]

What’s property forfeiture?

[ad_1] Asset forfeiture involves the confiscation of property for various reasons, including criminal activity and breach of contract. It serves as a punishment and deterrent, and the government can use the seized property or sell it to fund law enforcement. Notice is usually given before forfeiture, and property can be seized without warning in certain […]

What’s forfeiture of obligations?

[ad_1] Bail allows a defendant to be released pending their court case, but if they fail to appear, the bond company or individual who posted the bond must pay. If collateral was posted, it may be sold to pay the bond. Bond companies may hire bounty hunters to find fleeing defendants. Missing a court date […]