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Originally Posted by breal
I would be so grateful if you could send me the forms you are using and a general overview of how to complete the process?
Does this method of debt elimination have anything to do with the redemption process? I keep hearing that there is no need to use the redemption process to eliminate debt? DOES ANYONE KNOW??? CAN I ELIMINATE MY DEBT WITHOUT GOING THROUGH THE REDEMPTION PROCESS????????????????
IF SO.........HOW!!!!!!!!!!!!!!!!!!
I would appreciate it if you would let Indio007 respond to this.............I do not care what you think SHOONRA
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There is a pdf called Zero the Account which will point you in the right direction. It isn't the silver bullet but close. Someone could do everything for you but ultimately your going to have to take liability and if you don't understand administrative process, issuing currency , money of account , money of exchange, debt instruments, discharge, and especially bankruptcy, and trustee/beneficiary relationships your results will be unpredictable and haphazard.
That being said you don't need zero the account unless you want to refund your credit. UCC 3 has your remedy for your strawman in regards to commercial paper. It is against public poliicy to require a debt to be paid in a particular currency. Any currency can be denied on a direct sale but not on a standing debt.
Think about it like this , if promises to pay or orders to pay are considered money, how difficult is it to make a promise to pay?
It's monetized debt. That means debt instruments are money. You have debt instruments are coming in the mail everyday probably. The fact is most people do their accounting incorrectly. Every time a debt is discharged it is gross income. Every bill you ever paid in your life you should have claimed as gross income.
http://www.law.cornell.edu/uscode/26...1----000-.html
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§ 61. Gross income defined
How Current is This?
(a) General definition
Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items: ....
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(12) Income from discharge of indebtedness;
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Now ask yourself ,how , after everything you learned from public skools could paying bills be income?
At law , only substance or money of exchange is payment. Debt instruments discharge debt (personal debt) into a future time. That future time is when that fiat currency is actually redeemed for substance or money of exchange (basically a claim ticket to substance i.e. gold certificate). As much as I'd like to give detailed instructions and explanations and verifiable proof it is not safe for either of us to have such an exchange publicly or privately all I can say is the info is out there in the open. What is money , what gives it it's character and form, who owns a particular issuance of currency and how it is converted to other issuances of currency is the only question you need answers too.
UCC 3 is a good place to start.