Suffolk County wrongly held auto company vehicles, federal lawsuits say

Subsidiaries of three auto companies and a bank that makes auto loans each sued Suffolk County in federal court this week, alleging the county wrongly held seized vehicles in which the plaintiffs held an interest.

The lawsuits allege Suffolk wrongly charged them for towing and storage.

Manhattan-based lawyer Nicholas Duston, representing leasing or lending arms of Hyundai, Nissan and Toyota; and the bank, Manufacturers and Traders Trust; filed the lawsuits in Eastern District of New York in Central Islip.

It seeks unspecified damages and a permanent injunction against “unconstitutional practices” by Suffolk County. The suits do not say how many vehicles may have been improperly held but called the county’s practices “regular and systematic.”

Duston filed a similar complaint in June on behalf of Santander Consumer, alleging the county wrongly seized a vehicle for which the bank was lienholder.

Dennis Cohen, an attorney for Suffolk County in the lawsuit, did

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What the Federal Budget means for new car buyers

Those buying a car for work purposes now have expanded opportunities to claim that purchase back on tax.

In good news for business owners shopping for a work-related car, the Federal Government has further extended its instant asset write-off scheme and expanded the eligibility criteria for claiming assets on tax as part of its freshly-unveiled Federal Budget.

Here’s what you need to know…

What are the changes to the instant asset write-off scheme?

For business owners who purchased a car prior to the budget being announced at 7.30pm on October 6, 2020, all the previous criteria of the expanded instant asset write-off scheme still apply (you can read about the specifics here), but those business owners will now have an extra six months in which to claim the vehicle on tax.

To be eligible to claim under this scheme, the business must have an aggregated turnover of less

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Seized Property Federal and State Auctions

Seized property is anything seized in the course of a criminal investigation, not including forensic samples. The seized property is then sold to satisfy a judgment subsequently rendered by the court against the defendant. A seized property could be a home or property that has been repossessed by the lender because the owners failed to pay the mortgage this is called foreclosure. All seized property is sold to the highest bidder at auction. Government seized property is often offered for sale as a real estate auction. Almost daily, in every state, seized property is being sold at government auctions. Seized property is sold at public auction to satisfy the Judgment and is sold subject to all taxes, liens and encumbrances.

Federal Government Auctions. By last year the Federal Government had an inventory of seized property worth $2 billion, up from $33 million in previous years, according to a Federal study. … Read More

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Federal Car Auctions – Buying Your Dream Car at Federal Auctions

Federal car auctions are one of the best places to get the car of your dreams at a very cheap price; these offer great opportunity for you to get good deals for your purchase of a high quality vehicle at a rock bottom price. You can choose among wide selection of vehicle types and models of your choice; ranging from luxury vehicles, sports cars, sedan, family van, pick up, offroad units and four wheel drive vehicles.

Vehicles available at Federal car auctions usually come from government seized units from people caught in the act of performing illegal and criminal activities. They also include repossessed vehicles from people who defaulted on their financial obligations such as loans and tax payments. Moreover, police impounded cars are also auctioned in this place.

Considering the high cost involved in the storage of these vehicles, the federal government wants to immediately dispose the units; consequently … Read More

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