The three types of asset forfeiture

On Behalf of | Jul 26, 2019 | Types Of Asset Forfeiture

Law enforcement officials have the right to seize assets in certain situations. As a private individual or as a business owner, you will likely believe that being subject to asset forfeiture is unfair or unjust. Unfortunately, the law enables this activity as a way to control certain crimes.

If you have had assets seized and want to do something about this, it is important that you first understand the types of asset forfeiture that can be initiated federally. By gaining a basic understanding of the law in this area, you will be more equipped to take action in your case.

Administrative asset forfeiture

Administrative asset forfeiture occurs when assets are seized and the seizure is not contested by any party. Commonly, assets that are seized include imported goods and property below the value of $500,000.

Civil asset forfeiture

Private people may have their assets seized if there is reasonable suspicion for law enforcement officials to believe that the assets were involved in a crime. For example, if a large amount of cash is found in a car in an area that has a high amount of drug-related activity, the cash could be seized even if the owners of the cash are not found guilty of a crime.

Criminal forfeiture

When a person is defending themselves against a crime, property that was believed to be involved in the crime can be seized. This seizure can be contested through a trial proceeding.

If you have suffered as a result of asset forfeiture in Alabama, it is important that you take action promptly so that you have a better chance of getting justice.