sequestrate
Pronunciation: /ˈsiːkwəstreɪt, ˈsiːkwɛs-/
verb
- take legal possession of (assets) until a debt has been paid or other claims have been met: the power of courts to sequestrate the assets of unions
- take forcible possession of (something); confiscate: in November 1956 the property was sequestrated by the authorities
- legally place (the property of a bankrupt) in the hands of a trustee for division among the creditors: (as adjective sequestrated) a trustee in a sequestrated estate
- declare (someone) bankrupt: two more poll tax rebels were sequestrated

Origin:
late Middle English (in the sense 'separate from general access'): from late Latin sequestrat- 'given up for safekeeping', from the verb sequestrare (see sequester)