[ThomPaine]

For now, let us say this is a hypothetical situation and there is a piece or two of the puzzle missing in order to complete the entire process. Step One has been completed already:

A man using his legal persona, has created a Private Indemnity Bond and a Private Offset Bond and lodged them with the US Treasury. Neither has been returned as defective, so by default and backed up by public documents, they are accepted as valid and ready for use. The account (ssn) is funded by these bonds.

There are two options available to make use of the lodged bonds; these are the two missing links, one or both of which are step two, bringing the process to fruition.

Normally, these bonds are used for discharge of debt like mortgages, credit cards, etc., and there is a process that is used for this. Now that the bonds have been created and lodged, how would one go about discharging a debt where a creditor is willing to cooperate with this process? What documents are sent to the Treasury? What is needed from the creditor and the debtor, etc.?

The second option, is simpler and actually a better choice IMO. If the lodging and value of the bond can be verified, a private investor may be willing to provide a loan, which will be used to offset or discharge other debt. This investor would be someone who has good connections in the banking and finance world but may be a bit leary of working in unfamiliar territory.

Both bonds have identifying numbers and it seems that one could correspond with the Treasury somehow to verify their acceptance and lodging of this instrument, but the Treasury is a big place, so who would handle this after lodging is complete? A banking/securities screen is also an option to view these bonds.

Any thoughts are appreciated, but dont waste your time typing to tell me this cant be done, bc I know it has been done, I just dont have all the details yet. Hopefully, someone who has experience will chime in and share their experience. If this works, I may be able to share the wealth a little bit for those who are interested.

Thanks

Thom