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Warrant sale: assets of debtors; Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be ...
Since its founding, GCSurplus have been involved in the direct sale of surplus materials ranging from ships and cars to furniture and clothing, as well as seized goods on behalf of federal government departments and agencies. [6] Surplus assets are sold directly by GCSurplus or through contracted service providers.
Asset forfeiture or asset seizure is a form of confiscation of assets by the authorities. In the United States, it is a type of criminal-justice financial obligation . It typically applies to the alleged proceeds or instruments of crime.
Last year, 2022, marked the 28th year civil asset forfeiture imperiled people’s rights to property and due process in Kansas. Perhaps, in 2023, it is time to protect them.
Over the past four years, Kansas law enforcement seized $23.1 million in cash and property allegedly linked to criminal activity. Most of the time, owners never tried to take it back.
Self-described “Crypto King” Aiden Pleterski had $2 million in assets seized, including luxury cars, as investors try to recoup millions given to him.
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