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Repossession was an economic agreement wherein property was taken as collateral, as a "stalemate" in a difficult situation.
The colony world which included Isolation Station Forty was repossessed by the Plutocratic Empire, a few centuries before the Eighth Doctor arrived, as the empire held a lease on the property; the colonists failed to maintain their residuals to the empire, and they defaulted. When the planet was designated for repossession, the empire sent in receivership forces, and a 400-year war between the planet's inhabitants and the Plutocratic Empire began. (PROSE: Anachrophobia)