UCC Discuss topics relating to the UCC, such as negotiable instruments, collection, etc.


Go Back   Suijuris Forums > Educational & Learning > UCC
User Name
Password

Reply
 
Thread Tools
  #1  
Old 04-16-2006, 10:48 AM
t3179dg t3179dg is offline
Waking Up
 
Join Date: Apr 2006
Posts: 10
Discharging Debt by Bond

I have been involved with the UCC redemption process now for 2 years. I have been trying to find a way to discharge a debt by bond. I have a disk which provides the forms for creating a bond and I have used them. I have followed the proper mailing process but the debt never seems to get discharged. I was told that John Snow has not discharged a debt in 7 years. Has anyone had any success with discharging a debt by bond and if so what was done to get the bond to dischgarge the debt?
Reply With Quote
  #2  
Old 04-16-2006, 05:10 PM
J.W.'s Avatar
J.W. J.W. is offline
Admin
 
Join Date: Oct 2004
Posts: 294
I'd be careful as you are most certainly playing with fire compadre. Using misc. instruments to discharge debt such as bonds, drafts and the like is nothing short of utter folly as the DOJ in addition to other instrumentalities of goverment such as the FBI are actively pursuing cases involving such. (This is my opinon based on facts and evidence which I have first-hand knowledge of.)

I would say that if you have debt issues their are other "safer" and more effective means available to you under the law that you may consider.

Perhaps you should take a step back, do furthe due dillegence and determine what is the best course of action for you. However, I have done my part to warn you.
__________________
NOTICE & CAVEAT: This post is provided "AS IS" and without warranties of any kind either expressed or implied and is not to be construed as legal advice in any capacity whatsoever.

Last edited by J.W. : 04-16-2006 at 05:12 PM.
Reply With Quote
  #3  
Old 04-16-2006, 06:32 PM
t3179dg t3179dg is offline
Waking Up
 
Join Date: Apr 2006
Posts: 10
Thank you for that information. What are some of the "safer" methods to discharging debt? A few examples will do.
Reply With Quote
  #4  
Old 04-16-2006, 07:55 PM
J.W.'s Avatar
J.W. J.W. is offline
Admin
 
Join Date: Oct 2004
Posts: 294
I offer the following in the nature of my personal opinon based on my own exploration and present understanding and should not be construed as legal advice.

One way of potentially discharging debt is via Accord and Satisfaction "Accord and Sattisfaction by use of Instrument." See UCC section 3-311

Accord and satisfaction is a well-established legal doctrine with plenty of case law to support it. However, the instrument used for discharge would typically be either a personal check, cashiers check or money order of immediately availble funds on deposit with a federally recognized banking institution. (There may be exceptions however, but it is not my point to make or explore.)

Take some time to look it up on Google, check out the UCC, law dictionaries and associated case law.
__________________
NOTICE & CAVEAT: This post is provided "AS IS" and without warranties of any kind either expressed or implied and is not to be construed as legal advice in any capacity whatsoever.

Last edited by J.W. : 04-16-2006 at 10:30 PM.
Reply With Quote
  #5  
Old 04-17-2006, 04:42 AM
t3179dg t3179dg is offline
Waking Up
 
Join Date: Apr 2006
Posts: 10
Thanks for the advice

I want to thank you for your suggestion. As a mattter of discussion why would the disk as I call it, show a discharge by bond format with case law if it is not a legitimate method to discharge debt?
Reply With Quote
  #6  
Old 04-17-2006, 05:44 AM
J.W.'s Avatar
J.W. J.W. is offline
Admin
 
Join Date: Oct 2004
Posts: 294
I have no answer to offer other than to say that it may be a good idea for you to do further research into the court case(s) you have mentioned and make your own determinations as to whether or not the case(s) in particular were taken out of context or grossly misinterpreted. (I would venture to say it is likely such is/was the case.) As I have not seen the disk nor have interest in the methodologies (bonds for discharge) of which you speak, I cannot comment much further beyond this.
__________________
NOTICE & CAVEAT: This post is provided "AS IS" and without warranties of any kind either expressed or implied and is not to be construed as legal advice in any capacity whatsoever.
Reply With Quote
  #7  
Old 04-17-2006, 07:40 AM
t3179dg t3179dg is offline
Waking Up
 
Join Date: Apr 2006
Posts: 10
Thanks

I will follow up and do the research you have suggested. I appreciate your help.
Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Totaly Lost Going To Jail D.Dog Family Rights 93 08-10-2008 02:35 AM
UCC 1-207, Code & Cites suijuris UCC 45 04-27-2008 03:46 PM
Cites - FDCPA (Title 15, Chapter 41, Subchapter V) suijuris Banks, Collectors, and CRAs 38 11-04-2007 03:54 PM
credit card debt-collectors tulum Banks, Collectors, and CRAs 49 03-03-2007 06:38 AM
I'm not done with Sherman Acquisition yet!! jaylon Success Stories 11 10-25-2005 09:59 PM


All times are GMT -7. The time now is 06:39 PM.
Powered by vBulletin Version 3.5.1
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 2.4.0
2003-2008 Copyright by Law Research Group, LLC Terms of Use | Sitemap | Privacy Policy | Notice/Disclaimer