@s2026m wrote:
Thanks for the info. Heres my line of thinking..When I entered into this process I had no idea how deep the waters ran. Had no idea about cesta que vei trust and how creditors actually get a blank check against the birth cert bond they trade on peoples legal fiction created for wall street. Had no idea for ex. how a creditor actually has a built in insurance rider on each acct that the premium is payed as part of the monthly payment, and that they got payed from the legal fiction trust..got payed from the insurance policy, and then tried to triple dip by coming personally through the court. To me, my not knowing, and not being made aware of when contracting with them defines a 'Contract of Adhesion' which is illegal and void to begin with. This is the angle in all lawful actuality a BK should be nullified and removed. This is how they actually operate on a daily basis, and the bk court goes along with it in duping people. Then they take that bk to the fed receipt window and get payed way more than any outstanding balance that was owed or in default.
These "sovereign citizen" arguments don't end well in court. They can lead to contempt charges or worse, you won't have proper legal representation during a trial for a very serious crime and could end up with a very harsh sentence which will be carried out.
These arguments are typically associated with people who don't believe the government is real and do not believe that laws apply to them if they say some "magic words".
That just is not how this works or else everyone would be doing it.
As to bankruptcy, it's a real and legitimate process. It discharges eligible debt which means that people who you owed money to take a loss.
Those losses go away in the sense that you are not required to pay them, but they don't actually just disappear from the balance sheets of your creditors.
Part of the loss is a tax write off, but mostly they end up considering the risk of default into the price of credit in the first place so it sort of becomes "everyone pays higher interest because some people will default".
How much more interest depends on your risk which is mostly determined by credit reports and your debt to income ratio.
But in the end anyone even with excellent credit pays a premium so that some of the loans in default are covered.
Think of it this way. People with an 850 FICO might pay 1 percentage point of extra interest to cover defaults for people like them, but if you have a 600 FICO score that could easily be 10 extra points.
The bank is making about the same profit margin for both consumers, but people with a 600 are much more likely to go bust so the price of accessing credit is higher.
There's no secret "straw man" account at the Treasury or any of the rest of that horse crap.
The cost of bankruptcy discharges is that everyone in any risk category pays a risk premium to access credit.
