I was frauded.. I own nothing..now what?

Please help if you can.

Life threw a curve ball at me. I was frauded for tens of thousands of dollars and I have no reasonable recourse. But I'm not here to cry about that.

My credit is tapped, so I've gifted what I can to family members (ie- my car) and presently own nothing significant but a $1,000 laptop. Don't get me wrong, I still have a house, shelter, transportation, food, and doing good. I just "own" nothing significant.

I'm too young and don't want to file bankrupcty. I want to go the BOE route and attempt to discharge my credit cards that are maxed, but either way my credit rating I'm sure is toast and will end up in court many times through the process.

So you understand, I sit in a position where I'm self-employed (making good money), this makes me not afraid of my wages being garnished; I live in a house a family member owns; I drive a car a family member now owns; I have bank accounts but I intend to stop using. I'm basically out of the commerce world.

I guess my question is:

1) If I lose in court on all these cases, I intend to swear under oath I have no means to pay the court order(s).
If I go through the process and lose, what is the creditor's (bank's) recourse against me? Any criminal implications? I wouldn't think so...

Is it true they can only lien/repo stuff I "own" and have "title" to, and NOT stuff I "use" that other people "own" (example - vehicle)? Where's the limit on what they can repo? Could they repo my $20 fork and knife set? my $1000 laptop?

P.S. - I live in Canada, but I'm sure we have similar credit collection/repossession laws.

Please give some advice if you can. Much appreciated.

God Bless.

-Avatar

[Livefire]

Be aware that if a creditor gets a judgment against you, they will probably subject you a debtor's examination hearing where they will expect you to list ALL sources of income....self employed status doesnt exempt you from disclosing that source. Its just easier to to protect! A buddy of mine has a judgment against him and got notice of one of those things, since he does business on a cash basis he didnt show. Not recommending that approach, but you might check out some of Richard Cornforth's stuff concerning voiding judgments.

Your laptop is probably only worth 300 DOLLARS.

Hope this helps.

No, seriously, you have a lot of reading to do. If you are expecting someone to give you the magic formula, none exists, that I am aware of.

I would suggest learning who you are, versus who "they" say you are.

And visit www.adventuresinlegalland.com

Henry Franklin

P.S.

If I lose in court on all these cases, I intend to swear under oath I have no means to pay the court order(s).

First, why expect to lose? Educate yourself. Second, why swear to something you cannot prove? Wouldn't it be a more prudent course to make them prove you do have some means to pay?

[masterduke]

If the slugs get their summary judgement, 28 days later they will try to steal any money you may have in any bank accounts. Remove that money and only keep your overdraft protection amount (that can not be attached). If they don't get the "money" they feel is owed to them they may take you back to court at which time they will manuover to change the status from civil to criminal. And then pursuing you through the contempt of court avenue. B.K.7 is not unobtainable (as is now commonly believed) you have to jump through some addtional hoops now. But that may be less of a headache than dealing with the debt attorneys. If they get a judgement against you, it can sit there for 10 years accuring interest, I believe. The chump in the robe will back them up all the way to their collective freight elevator ride to hell in trying to squeeze dough out of you as well.

[squirrel]

They dont know NOTHING until you tell them.
It's not what they know it's what they can prove.
Like you said, you own nothing, as far as the job goes, if you are self employed how are they gonna know what you make ?? unless you tell them.
If they ask about it, heck your family takes care of you.

May I suggest this. http://www.sovereign-freedom.com/contents.htm

It is alot easier to do this when you own nothing.