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Notice of Surrender - Form 56
Hey all
I guess my post got lost in the change over. Trying to re-write may forget something.
I have seen elsewhere that some people are sending the CCC a Notice of surrender - surrendering the cc for acct# 11111111, the account and the agreement to the rightful owner - the Bank. And enclosing a copy of Form 56 which they file with the IRS.
Form 56 is an IRS form Notice Concerning Fiduciary Relationship that you can use to revoke fiduciary relationship to a business, an account etc.
The theory is that everything is based on contracts and trusts. The SSA issues a card and number - to the ALL CAPS. The SSA owns the account set up like a trust
with me (the real being)as the fiduciary responsible for transferring payments to the SSA -( Trust acct)for the beneficiaries - the retirees (simplified example)
The Banks demand my SSN (existing trust with SSA) to open an account. They are setting up an ALL CAPS acct./agreement (trust) and want me to be the fiduciary responsible for making payments to the trust for the benefit of the beneficiary - the Bank.
The thinking is to keep it simple. Use BB tactics and forms against them. Same as resigning as trustee/fiduciary for any other type of trust. You are resigning as the fiduciary for the ALL CAPS Discover Bank acct. # 1111111111 end of story. And it is publicly filed and on record with the IRS. Let them find someone else to take over the position.
I personally don't want to involve the IRS (haven't gone agaisnt that bear yet)have enough to do with the CCs right now. But they may be on to something simple that may work.
Anyone hear of this? Know anyone having any success? What are your thoughts and theories on this?
__________________
sadie
not legal advice - just my 2 cents (not lawful money)
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