Understanding acceptance

This is what acceptance is really about. Get your mind off redemption THEORIES any pay attention to what happens everyday in bankruptcy proceedings. See, when a entity files bankruptcy, he is just making it PUBLIC knowledge that he is bankrupt. all corporations are bankrupt whether they file or not, so,all commercial transactions follow the rules of bankruptcy.

under the rules of bankruptcy, anybody that makes a offer and then doesnt produce a check to zero the account or dishonors a acceptance of their own offer is liable for the face value of the offer. example. lets say U file chapter 13 bankruptcy and a creditor files a $100 claim against u. you offer to give them $10 to settle the account. they accept and u either dont provide the funds with the offer or you dishonor your own offer by not accepting their acceptance of the $10. u become liable at that point for the full dollar value of the offer and the full dollar value of the account. now, if a court or any other bankrupt entity makes you a offer and they refuse your acceptance, you can liquidate their dishonor (because they are now liable) by drawing up a iboe and making it payable THRU the court or creditor to discharge the obligation.
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there are two reasons i made this post. 1st: even though tendering a negotiable instrument to discharge a debt is legal (the instrument is funded by your signature), stupid people (people in a stupor) dont know that and may try to get you into trouble. 2nd: tendering a instrument that has been FUNDED by someone's dishonor under no circumstances can be construed as fraud in the bankruptcy, quite the contrary, you are the one operating in voluntary bankruptcy, the other party is in involuntary bankruptcy, they are holding funds (tax) and must be identified by one of several means, one of them being to liquidate their dishonor by drawing down on them with a iboe.

[mikah2k]

I appreciate your clear english writings Kgod999.

Originally Posted by kgod999

...now, if a court or any other bankrupt entity makes you a offer and they refuse your acceptance, you can liquidate their dishonor (because they are now liable) by drawing up a iboe and making it payable THRU the court or creditor to discharge the obligation.
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In re the IBOE, using your example of a court refusing acceptance:
who would be the payee?
who would be the drawee?
who would be the drawer?
who would be the maker?

Thanks in advance.

[Jerseee]

My position is this:

The law is the law and there is no skirting around it.

If I tender (offer) anything that is "negotiable" and they refuse it--then there is no debt.

[Judge Roy Bean]

Originally Posted by kgod999

This is what acceptance is really about. Get your mind off redemption THEORIES any pay attention to what happens everyday in bankruptcy proceedings. See, when a entity files bankruptcy, he is just making it PUBLIC knowledge that he is bankrupt. all corporations are bankrupt whether they file or not,

Utter nonsense.

Originally Posted by kgod999

....so,all commercial transactions follow the rules of bankruptcy.

More utter nonsense.

Originally Posted by kgod999

under the rules of bankruptcy, anybody that makes a offer and then doesnt produce a check to zero the account or dishonors a acceptance of their own offer is liable for the face value of the offer. example.

You need some serious exposure to the actual bankruptcy code.

Originally Posted by kgod999

.... lets say U file chapter 13 bankruptcy and a creditor files a $100 claim against u. you offer to give them $10 to settle the account.

You don't "offer" them anything. Depending on your assets and income and their proof of claim, after your 341 meeting, the court will determine what amount(s) (if any) are to be paid to them over the three or five year term.

Originally Posted by kgod999

....they accept and u either dont provide the funds with the offer or you dishonor your own offer by not accepting their acceptance of the $10. u become liable at that point for the full dollar value of the offer and the full dollar value of the account.

They don't have the option to accept the court's ruling. They can object, but when the payment schedule is approved by the court, they have to live with it. If you fail to pay, your bankruptcy can be dismissed and you will then be subject to civil suit for creditors to recover the full amounts--not just those amounts the bankruptcy court established. If you allow your case to be dismissed by failing to pay, the protection of bankruptcy is gone.

Originally Posted by kgod999

....now, if a court or any other bankrupt entity makes you a offer and they refuse your acceptance, you can liquidate their dishonor (because they are now liable) by drawing up a iboe and making it payable THRU the court or creditor to discharge the obligation.
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More complete BS. FYI - they don't make you an offer. Creditors make claims and the bankruptcy court makes rulings on how much goes to the creditors. Creditors can't make you an offer - that's a violation of the law. They can't try to negotiate a better position with you compared to other creditors. In fact, they can only communicate with your counsel.

And FYI - if you toss an IBOE at a bankruptcy court you're looking at criminal prosecution.

This kind of nonsense could tempt unsuspecting people into bankruptcy that may not even need to go there.

[Gray]

any other reply is non-responsive....

To Judge Roy Bean

Is the United States of America bankrupt?


Your reply will tell me everything I need to know, thanks in advance.


edit (put an r on you for your)

[Judge Roy Bean]

Originally Posted by Gray

any other reply is non-responsive....

To Judge Roy Bean

Is the United States of America bankrupt?


Your reply will tell me everything I need to know, thanks in advance.


edit (put an r on you for your)

I'll ask you a question in the same amateurish and ludicrous form: Yes or no: "Are you still beating your wife?" No matter the answer from the subject, it presumes agreement with the underlying context whether it is bogus or not. Most people around this forum aren't quite that simple-minded, albeit with some notable exceptions.

As to the "bankruptcy" you allege, it depends on who you ask and thus is a matter of opinion, not fact (learn the differences). Therefore the question is not answerable with a binary positive or negative response.

[Gray]

Originally Posted by Judge Roy Bean

I'll ask you a question in the same amateurish and ludicrous form: Yes or no: "Are you still beating your wife?" No matter the answer from the subject, it presumes agreement with the underlying context whether it is bogus or not. Most people around this forum aren't quite that simple-minded, albeit with some notable exceptions.

As to the "bankruptcy" you allege, it depends on who you ask and thus is a matter of opinion, not fact (learn the differences). Therefore the question is not answerable with a binary positive or negative response.

Many thanks honourable Squire, your reply was perfect.

[Drob]

Originally Posted by Judge Roy Bean

I'll ask you a question in the same amateurish and ludicrous form: Yes or no: "Are you still beating your wife?" No matter the answer from the subject, it presumes agreement with the underlying context whether it is bogus or not. Most people around this forum aren't quite that simple-minded, albeit with some notable exceptions.

As to the "bankruptcy" you allege, it depends on who you ask and thus is a matter of opinion, not fact (learn the differences). Therefore the question is not answerable with a binary positive or negative response.

that was childish (wife beating?) and evasive (thus a matter of opinion)... smooth

using federal reserve notes is priva face evidence the united states is bankrupt. nuf said about that. I AM NOT, I REPEAT, NOT telling people to file statutory bankruptcy under their rules. What i AM saying is under the rules of commerce, since the united states IS bankrupt, ANY corporate entity cannot give U CREDIT, the supreme court has backed that up, judge roy bean's opinions notwithstanding. thus, HOW can they make a claim? they cannot, thus they make offers for you to come down and trick u into the position of debtor.