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- May 29, 2020
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- #1
Congress Vote: 7-0-2
A
BILL
To
Collect Debts and expenses
The people of Democracy Craft, through their elected representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the “Debt Recovery Act”.
(2) This Act shall be enacted immediately upon its signage.
2 - Process
3 - Asset Seizure
In order for the DoJ to seize assets they must file and request an asset seizure warrant.
asset Seizure Warrant format:
- SGT Name:
- Type of Warrant you are applying for:
- Who you are using the warrant on:
- Reasoning for warrant:
-Asset Seizure Amount:
-Requested Asset to seize:
- Evidence:
-Link to Court Order:
- Additional Information::
The format must be filled in accordingly.
Order in which Assets are to be seized:
-Items
-Vehicles
-Plots
(Starting from the top)
3 - Government Compensation
(1) In a case where the debtor does not have the necessary funds or assets to pay off their debt, the government shall compensate the person to which damages are owed with any actual losses caused by the debtor.
a. Actual losses shall be limited to assets or funds directly lost in a lending agreement or damages reasonably proportionate to any offenses committed by the debtor in a civil or criminal case
b. Should the Department of Justice lack the funds to compensate a citizen for valid losses, the Congress of Redmont may appropriate more funds.
c. Explicit favoritism in the issuance or withholding of debt recovery shall be considered corruption.
4 - Liquidation of Assets
(1)All seized Assets must be auctioned of at public auction in the DC-Bid discord; the auction will be listed under government.
(2)Order in which Assets are to be auctioned off::
-Items
-Vehicles
-Plots
(Starting from the top)
(3)When items/vehicles are being put to public auction the bidding starting point and binding increments will be determined by the DEC Secretary and the auction will be carried out by the DEC.
(4)When plots are being put to public auction the bidding starting point will be 1000$ and bidding increments will be 250$.
(5)The funds recovered from the auctioning off of items/vehicles/assets will be used to pay off the defendants debt any excess funds from the auction will be paid back to the defendant by the DEC.
A
BILL
To
Collect Debts and expenses
The people of Democracy Craft, through their elected representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the “Debt Recovery Act”.
(2) This Act shall be enacted immediately upon its signage.
2 - Process
- In a circumstance where an individual goes into debt due to a ruling against them in court and has outstanding fees they must pay and does not have enough money in their balance to cover the debt, the DoJ with the assistance of the Staff team is permitted to seize assets to cover the debt.
- The Debtor must be given a 5 day notice by a member of the DoJ through mail on the server and over discord if they use it. The mailed notice must inform the Debtor that they must collect the outstanding money needed to pay off their debt within a period of 5 days or assets will be seized to cover their outstanding debt.
- If they fail to collect the outstanding money needed to pay off their debt and have it in their balance within the period of 5 day the DoJ is then permitted to seize assets once they have an approved asset seizure warrant.
3 - Asset Seizure
In order for the DoJ to seize assets they must file and request an asset seizure warrant.
asset Seizure Warrant format:
- SGT Name:
- Type of Warrant you are applying for:
- Who you are using the warrant on:
- Reasoning for warrant:
-Asset Seizure Amount:
-Requested Asset to seize:
- Evidence:
-Link to Court Order:
- Additional Information::
The format must be filled in accordingly.
Order in which Assets are to be seized:
-Items
-Vehicles
-Plots
(Starting from the top)
3 - Government Compensation
(1) In a case where the debtor does not have the necessary funds or assets to pay off their debt, the government shall compensate the person to which damages are owed with any actual losses caused by the debtor.
a. Actual losses shall be limited to assets or funds directly lost in a lending agreement or damages reasonably proportionate to any offenses committed by the debtor in a civil or criminal case
b. Should the Department of Justice lack the funds to compensate a citizen for valid losses, the Congress of Redmont may appropriate more funds.
c. Explicit favoritism in the issuance or withholding of debt recovery shall be considered corruption.
4 - Liquidation of Assets
(1)All seized Assets must be auctioned of at public auction in the DC-Bid discord; the auction will be listed under government.
(2)Order in which Assets are to be auctioned off::
-Items
-Vehicles
-Plots
(Starting from the top)
(3)When items/vehicles are being put to public auction the bidding starting point and binding increments will be determined by the DEC Secretary and the auction will be carried out by the DEC.
(4)When plots are being put to public auction the bidding starting point will be 1000$ and bidding increments will be 250$.
(5)The funds recovered from the auctioning off of items/vehicles/assets will be used to pay off the defendants debt any excess funds from the auction will be paid back to the defendant by the DEC.
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