08-24-2006, 10:41 AM
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VOD, failure to verify/validate and the Promisory Note
I had a ? regarding the vod process/docs in the DL area.
in instances where alleged debtor fails to sustain their claim -
is the offer of promisory note a conditional offer - meaning if they fail to validate and verfiy the debt is the offer of the promisory note automatically retracted?
- someone please explain how the discharging promisory note actually works in both cases where they can sustain and claim and in cases where they fail to validate/verify.
ALSO - in instances of a void judgment where the plaintiff has failed to prove damages -
how might the discharging promisory note be used.
thx
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08-24-2006, 11:39 AM
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Join Date: Oct 2005
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"discharging promissory note"
No such thing. A promissory note does not discharge a debt, it serves as evidence of a debt still unpaid.
I can see where the confusion comes from. Several mountebanks on this and other websites have recommended flim-flamming vendors and creditors with documents that seem to say that they will be paid - but never actually paying them. Believe me, a creditor is not going to be satisfied with paper churned out of a word processor but only with paper issued by the US Mint.
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08-24-2006, 11:42 AM
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ok.
take out the word discharging.
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08-24-2006, 12:04 PM
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Quote:
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Originally Posted by Shoonra
[i] Believe me, a creditor is not going to be satisfied with paper churned out of a word processor but only with paper issued by the US Mint.
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No such thing, US Mint only issues coins, not paper
http://www.usmint.gov/about_the_mint/ |
08-24-2006, 12:39 PM
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Join Date: Apr 2005
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CPN=Promise to Pay.
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Originally Posted by cz3000
ok.
take out the word discharging.
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It seems that Promissory note is still a promise to pay. Like all notes they should be back by enough real valuable assets (silver, gold, real estate, ect.) to cover the promise, FRNs not withstanding.
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"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual."
-- Thomas Jefferson
It is dangerous to be right when your government is wrong. -Voltaire
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08-24-2006, 03:00 PM
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Vod
thank you all, however, my ?? pertain specifically to the VOD docs in the DL area. with all due respect, please re-read my first post omitting the word discharging - if anyone has an answer to the ?? please post them.
thanks in advance
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08-24-2006, 04:43 PM
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Join Date: Apr 2005
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You Must Decide for Yourself!
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Originally Posted by cz3000
thank you all, however, my ?? pertain specifically to the VOD docs in the DL area. with all due respect, please re-read my first post omitting the word discharging - if anyone has an answer to the ?? please post them.
thanks in advance
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This is the best that I have to offer on the subject:
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Originally Posted by BOBT12
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Originally Posted by fusion93
I have been reading the forums in an effort to clarify the general process for disputing unsecured debt. I have a couple questions.
From studying Jersee's VOD docs in the download section, it looks like after the alledged creditor sends you a presentment asking for payment of said debt, you then send them a VOD (Verification of Debt) and Also a Promissory Note. Is this the general process? If so, isn't sending the Promissory Note at the same time as the VOD basically admitting that the debt is valid because you are making payment via promissory note?
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This is my concern. I do not use the CPN, when sending a VoD. I think that it is better to stick to one issue.
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Originally Posted by fusion93
Why would you make payment and at the same time ask for verification of the debt?
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I guess you must decide the matter for yourself. |
http://www.suijuris.net/forum/banks-...sory-note.html
__________________
"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual."
-- Thomas Jefferson
It is dangerous to be right when your government is wrong. -Voltaire
All Rights Reserved.
www.restoretherepublic.net
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08-24-2006, 08:01 PM
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Quote:
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Originally Posted by demosfen
No such thing, US Mint only issues coins, not paper
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Fine, the Bureau of Engraving and Printing, then.
And, yes, FRNs are the proper backing of a promissory note. Promissory notes set forth clear monetary amounts, and only legal tender (FRNs), not commodities, can assure the promised amounts. |
08-24-2006, 08:17 PM
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Quote:
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Originally Posted by cz3000
I had a ? regarding the vod process/docs in the DL area.
in instances where alleged debtor fails to sustain their claim -
is the offer of promisory note a conditional offer - meaning if they fail to validate and verfiy the debt is the offer of the promisory note automatically retracted?
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In respond to your question: Answer is NO.
They will never return it back to you, even if you request for it or withdrawal the note as a settlement.
If they sue you, Attorney/debt collector will return it back to you, demanding for American currencies which mean "FRN" regardless of what the HJR 1933 stated, with the pressure from other party the Blackrobe will agree with them.
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- someone please explain how the discharging promisory note actually works in both cases where they can sustain and claim and in cases where they fail to validate/verify.
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Promisory Note = Promise to pay in the future. Some lender accept it, and discharge the debt, and some don't accept it as a settlement, but persistent for "FRN" as a settlement of the account.
In addition OC alert the lenders not to honor any presentment regardless of authentication.
Quote:
ALSO - in instances of a void judgment where the plaintiff has failed to prove damages -
how might the discharging promisory note be used.
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If they can't proof their damages, then the case will be dismissing, without the PN involved.
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08-24-2006, 08:43 PM
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thank you!
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Originally Posted by charlesa6
In respond to your question: Answer is NO.
They will never return it back to you, even if you request for it or withdrawal the note as a settlement.
If they sue you, Attorney/debt collector will return it back to you, demanding for American currencies which mean "FRN" regardless of what the HJR 1933 stated, with the pressure from other party the Blackrobe will agree with them.
Promisory Note = Promise to pay in the future. Some lender accept it, and discharge the debt, and some don't accept it as a settlement, but persistent for "FRN" as a settlement of the account.
In addition OC alert the lenders not to honor any presentment regardless of authentication.
If they can't proof their damages, then the case will be dismissing, without the PN involved.
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