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Simple English definitions for legal terms
judicial sequestration
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A quick definition of judicial sequestration:
Term: Judicial Sequestration
Definition: Judicial sequestration is a legal process where a court orders the seizure or freezing of assets or property belonging to a person or entity involved in a legal dispute. This is done to prevent the assets from being used or transferred until the dispute is resolved. It is a way to ensure that the assets are available to satisfy any judgment or settlement that may be awarded by the court.
A more thorough explanation:
Definition: Judicial sequestration is a legal process where a court orders the seizure of property or assets to prevent them from being used or sold until a dispute is resolved.
For example, if two parties are in a legal dispute over ownership of a piece of land, a court may order judicial sequestration of the land to prevent either party from selling or using it until the dispute is settled.
Another example could be in a bankruptcy case, where a court may order the sequestration of a debtor's assets to prevent them from being sold or transferred while the bankruptcy proceedings are ongoing.
These examples illustrate how judicial sequestration is used to protect property or assets from being used or sold during a legal dispute or proceeding.