Banks, Collectors, and CRAs Discuss the elimationa of secured and unsecured "debt", as well as tactics for dealing with debt collectors and credit reporting agencies.


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  #1  
Old 02-27-2006, 11:18 PM
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BoE and Tax account

If I enter into a contract with a company.... Tender a payment bond.... get an invoice and then tender a Foreign BoE to them, can the company not endorse the BoE and 'deposit' it with their Bank? Or will the thugs come a knocking? (Any proof?) statutes, laws, policy, ... some poor bastard in the clink....

For the tax account and BoE is that how they are able to 'deposit' the BoE?

What if the BoE drawee was the real life individual....?
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Old 02-28-2006, 01:21 AM
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I would caution against such an endeavor. You would be well served to get all your facts in order before ever considering such an undertaking. Personally I wouldn't do it.
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Old 02-28-2006, 08:19 AM
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You are to be very vigilant, if you decide to go in that route. Question: Does it worth it?
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Old 02-28-2006, 08:42 AM
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Ok, so lets try a different angle.

I have done an admin process on the DoJ. Failure to comply results in a bunch of things. One is a sum of FRNs. Failure to provide FRNs means they have provided me the authorization to write financial instruments on a specific account number in order to obtain the FRNs.

I was thinking I would invoice them. Then issue a payment bond, on their behalf, to me. Then I would issue a BoE on their behalf to me for the FRNs.

I would then transfer the instrument in exchange for FRNs.
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Old 02-28-2006, 09:18 AM
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Again,

I wouldn't do it. What law are you citing or referencing that gives you the authority and capacity to summarily default these people "privately" and subsequently create instruments drawn against these individuals? Further, is there any precedent that has demonstrate consistantly that such an endeavor has worked? Quite honestly I would doubt it and in addition I would suspect that irrespective of the theory or rational for such a process that if an agent from the DOJ or any other instrumentality of goverment were presented with a draft or other similar instrument for enforcement i.e. collection it would result in a criminal investigation. It's just a hunch but again, you have to consider the track record regading others who have had similar contentions over the past several years.

Your thoughts?
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Last edited by J.W. : 03-06-2006 at 08:23 PM.
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Old 02-28-2006, 05:39 PM
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powder,

The essence of what you seem to be doing, i.e. monetizing their dishonor, is legit. After all, what's good for the goose is good for the gander, as the saying goes. However, just be sure your procedure isn't defective as this is what will land you in hot water. The devil, as they say, is in the details. Of course, you may land yourself in hot water even if you do everything correctly as "They" may want to test you. People get nailed all the time for doing something correctly that "They" don't like because the victims didn't know how to defend themselves when challenged.

I'd say having legal self-defense knowledge is more important than knowing what procedure to use to do whatever it is one is attempting to accomplish.
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Old 02-28-2006, 06:27 PM
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Ice seems to have a great answer to this......default someone adminsitratively then take that private judgment into the federal court of claims to enforce it. All that can happen is the court dismisses the claim with prejudice. Many of the states have passed legislation making it a felony to lien officials without a judgment from a court. CYA is paramount when venturing into these waters!
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Old 02-28-2006, 06:39 PM
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Livefire,

I would be much more inclined to consider your or Ice's proposition. Liening goverment employees or goverment entities is too dangerous for my taste. Right, wrong or indiffernt the present track record demonstrates that it is utter foley to consider such.

However, you'll find a guru here and there purporting that others had it all wrong and they are in possession of the Holy Grail.
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Old 02-28-2006, 07:36 PM
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Quote:
Originally Posted by Jason Whitney
Livefire,

I would be much more inclined to consider your or Ice's proposition. Liening goverment employees or goverment entities is too dangerous for my taste. Right, wrong or indiffernt the present track record demonstrates that it is utter foley to consider such.

However, you'll find a guru here and there purporting that others had it all wrong and they are in possession of the Holy Grail.
I still agree with jason, putting lien on government employees is very dangerous stepping stone. BB take it very seriously, and they will come after you for revenge in a slammer for a long time dude.
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Old 03-01-2006, 05:54 AM
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Is the gain worth the risk?

Do you know exactly what you are doing?

Do you understand the strategies chess masters use?

Is this battle a good choice?
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