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Bankruptcy Elimination




For $1000 You Can Eliminate your Debt!




No Lawyers Required


All debts arising from privately created money or “digitally created” money can be eliminated whether the debts are secured or unsecured. The process is non-judicial, purely commercial and therefore we can apply the process in Canada as well as in the USA.

Read on to discover that bankruptcy is not your only option, and that it should never be used as a "way out". Rather, DEBT ELIMINATION is the correct way to go!


The Bottom Feeders


The process of confiscation and illegal siezure of money and property starts with the banks' illegal creation of money and ends with the bottom feeders - the debt collectors who prey on those who are down and out. The debt collectors, comprised of lawyers and debt collection agents feed on the accounts that have been written off by the banks. The debt collection process starts from the banks' own collection departments as soon as the accounts becomes delinquent. The banks' own collection agents start sending written notices and reminders to let you know that you have missed a few payments or soon after, they let you know that your account is past overdue. They still have to do this inspite of the fact that the banks actually never loaned you any money and the loan was nothing but a scam, a fraudulent scheme to turn you into a debt slave and then confiscate your property despite the fact that they  never really risked or lost any money in the process. They had to go through the charade not because they have lost any money or that they could lose the money because you cannot pay your so-called debts, but the real reason is: they don't want to blow their cover! So they go on pretending, threatening you in the process, that they will report the matter to the credit bureau and thus ruin your credit, or that they are going to take legal action against you. Usually it's all smoke. Other than the fact that they will report you to the credit bureau, if they haven't done it already, they don't normally take anyone to court just yet. Debt collectors cannot take you to court simply because you do not have a contract with them and they do not own the accounts.

The next step is the bank writing off the delinquent account, usually after six months. The reason is, it is very expensive and time consuming for the banks to do debt collection themselves and therefore they prefer to throw the account into the "pile", or the delinquent account database just like garbage being thrown overboard from a ship, where the bottom-feeding creatures feast on the garbage. Once the account is in the database and fully accessible to the debt collectors, they sign in on the account one at a time and start their dirty work. Some credit card companies like MBNA employ its own army of debt collection agents and staff lawyers who do nothing but debt collection work. These corporations seldom use outside collection agents to do the dirty work, they prefer to do it themselves. Most banks however simply assign the debt collection work to the debt collection agencies. Some collection agencies actually buy or trade accounts.

What to do when the debt collectors start bugging you.

Number one is: never, never ignore them, especially when the banks start the collection process. You meet them head on by replying to their collection letters. Do not reply to them over the phone, this is useless, unless you are able to record your conversation with them. First thing to do is dispute the amount in writing, never admit that you owe them anything because you really don't. Because they never really gave you any valuable consideration, they never could have lost anything; you have to ask them for a proof of loss; you also ask them for a certified or notarized copy of the contract between you and the bank; ask them to return the original promissory note or loan application they got from you. Chances are they do not have it. Why? Because the contract does not exist; or they may have already sold your contract to others in the form of asset-backed securities or other derivatives. There is no contract. What they call a contract is the loan application they took from you. That is not a valid contract. A valid contract must be signed by two parties; the bank never signed anything with you. There is no such thing as a unilateral contract. In the case of a credit card agreement, the contract is the credit card holder agreement is nothing but an agreement between you and the bank which enables them to charge you an annual fee for using the card. But as far as loans are concerned, there is no such thing as a loan contract. Because if there is, it would not be hard to show that they have breached the contract for non-disclosure of material fact, or the fact that they have not loaned you any money.

It is very important for you to do these initial steps because you are establishing for yourself the evidence that you can use in a court of law should the banks or their agents (lawyers) decide to escalate the matter and take you to court. The idea is to accumulate enough evidence that the banks have failed or refused to provide you with any verifiable evidence that you owed them anything. Once they failed to produce the evidence you need, that in itself should discharge their claim - they have no claim.

Once you have the evidence that the principal or the creditor has no verifiable claim, their lawyers and debt collection agents would not have any verifiable evidence either and therefore these third parties or agents have no legal standing to bother you. The biblical principle that says: "no man is greater than his master" applies here. If the principal has no claim, no one else can have any claim, simple as that, so do not be afraid of them.


Magic Bank


L
et's examine a typical real estate deal, to see how banks break the law.


A typical real estate purchase and sale goes down as described below after the buyer and the seller have signed the agreement of purchase and sale:

 

The buyer goes to Magic Bank in response to the bank's claim that it is in the business of lending money in accordance to its corporate charter. The buyer went to the bank believing that Magic Bank had the asset (money) to lend. Magic Bank never tells its customers the truth that it does not have any money to lend, nor are they permitted to use their depositors' money to lend to its borrowers.

 

Notwithstanding the fact that Magic Bank does not have any money to lend, Magic Bank makes the buyer/borrower to sign a mortgage loan application form which is essentially a promissory note that the buyer/borrower promises to pay Magic Bank for the money (what money?) he/she is supposed to receive from Magic Bank even before any value or consideration is received by the buyer/borrower from Magic Bank. This promissory note is a valuable consideration, a receivable and therefore an asset transferred from the buyer to the bank which Magic Bank enters into its own asset account as a cash deposit.

 

After making sure that the buyer has the ability to pay the required monthly payments (the buyer has credit), Magic Bank agrees to lend the buyer the money (cash) to pay the seller. Magic Bank has no money to lend but it gave the buyer a promise to lend money by way of a commitment letter, loan approval letter, loan authorization or loan confirmation letter, etc., signed by a bank official or loans/mortgage officer employed by Magic Bank.

 

Magic Bank's acceptance of the buyer's promissory note made the bank liable to the buyer/borrower for the full face value of the promissory note which is the agreed purchase price of the property, less any cash deposit or down payment money paid by the buyer directly to the seller.

 

It is important to note at this point that all real estate transaction requires that the property being sold must be conveyed by the seller to the buyer free of all liens and encumbrances how can the buyer mortgage a property that does not yet belong to him or her? which means that all liens such as existing mortgages, judgments, etc. must be paid before the property can be mortgaged by the buyer as collateral to the mortgage loan which is yet to be received by the buyer pursuant the promise made by Magic Bank. How can the seller obtain clear title if he has not yet received any money from the buyer? And

 

This dilemma is solved using Magic Bank's magic tricks. Magic Bank in concert with other magicians, the bank's lawyers or notaries, causes all the liens and encumbrances to magically disappear by using a cheque drawn in the name of Magic Bank backed by the buyer's promissory note and the agreement of purchase and sale. This cheque is deposited into the lawyer's trust account. In essence, Magic Bank and its magicians, the lawyers and notaries used the buyer's promissory note as the cash to enable the purchase agreement. It was the buyer's promissory note that made the conveyancing possible. Magic Bank caused the property to be conveyed to buyer from the seller clear title, free and clear of all liens and encumbrances. The property now belongs to the buyer which makes it possible for the buyer to mortgage the property to Magic Bank. The buyer paid for it using his/her own promissory note.

 

At this point, the seller has not yet received any money or cash, so Magic Bank and its magicians must perform another magic in order to satisfy the seller's requirement that he/she must get paid or the whole deal is null and void. The seller does not even know that the property had been magically conveyed to the buyer's name in order for the seller to receive any money.

 

The ensuing magic trick is accomplished this way. The buyer is made to sign another promissory note. The mortgage contract is attached to the bottom of the promissory note which makes the buyer liable to pay Magic Bank for the money or the loan which the buyer has not yet or will never receive for up to twenty five years or more depending on the amortization term of the mortgage contract. This note is linked to the collateral through the mortgage contract and as such, it is valuable to Magic Bank.

 

Magic Bank then goes to Bank of Canada or to another bank through its accomplice, the Canadian Payment Association to pledge the deal that they have just gotten from the buyer for credit. Bank of Canada then gives Magic Bank the "credit." Remember, it is not Magic Bank's credit, it was the buyer's credit who promised to pay Magic Bank if and when the money is received by the buyer from Magic Bank, payable for up to 25 years or more (30 to 40 years in the USA).

 

Note: What happened above is basically a "swap", a transaction all banks do to 'monetize' security. In this case, the second promissory note that is linked to the mortgage contract and signed by the buyer is a mortgage-backed security.

 

Magic Bank will then agree to pay Bank of Canada a certain percentage of interest over "prime".  Thus the buyer's loan package goes to Bank of Canada which credits Magic Bank with the full amount of credit which is the total amount of the money Magic Bank is entitled to receive after 25 years which is the amount of the principal plus all the interest payments the buyer has promised to pay to Magic Bank for 25 years or more which is usually three times the amount of the money promised by Magic Bank to the buyer. By magic, Magic Bank just enriched itself and got paid in advance, without using or risking its own money.

 

Magic Bank's magician, the lawyer who holds the cheque that is backed by the buyer's original promissory note then cuts a cheque to the seller as payment for the property. In effect, The buyer paid the seller with his/her own money by virtue of the fact that it was the buyer's own money (the promissory note) that made the purchase and sale possible. Magic Bank just made a cool 300% profit without using or risking any capital of its own. Neither was there any depositor's money deducted from Magic Bank's asset account in this transaction.

 

What really happened was pure deception that if we the people try to do this, we would end up in the calaboose and be found guilty of fraud and criminal conversion not to mention that the subject property would have been seized from us by the court.

 

This is only a crime if we the people do it to each other such as it would be an indictable crime if we issue a cheque with no funds. There would not be any deal, no purchase and sale agreement because there is no valuable consideration. In order to de-criminalize the transaction, we need Magic Bank and their cohorts to make the deal happen. It is really a conspiracy of sorts but these "persons", the banks, the lawyers, the land title offices or even the courts do not consider the transaction as fraudulent transactions because these transactions happen all the time.

 

Such a contract is void ab-initio or void from the beginning which meant that the contract never took place in the first place. Moreover, the good faith and fair dealing requirement through full disclosure is non-existent which further voids the contract. Magic Bank failed to disclose to the buyer that it will not be giving the buyer any valuable consideration and taking interest back as additional benefit to unjustly enrich the corporation. Magic Bank also failed to disclose how much profit they are going to make on the deal.

 

Magic Bank led the buyer to believe that the money going to the seller would be coming from its own asset account. They lied because they knew or ought to have known that their own book or ledger would show that Magic Bank does not have any money to lend and that their records will show that no such loan transaction ever took place. Their own book will show that there would be no debits from Magic Bank's asset account at all and all that would show up are the two entries made when the buyer gave Magic Bank the first collateral or the promissory note which enabled Magic Bank to cut a cheque which made it possible to convey the property from seller to the buyer free and clear of all liens or encumbrances as required by the agreement of purchase and sale entered into in writing between the buyer and the seller. What really happened was not magic; in reality, the buyer's promissory note was used by Magic Bank and its magicians - the lawyers and land title clerks to convey free title to the buyer from the seller. So why do we need the mortgage contract for?

 

The other entry that would show up when we audit Magic Bank's book is the other pledge of collateral including the buyer's promissory note which was converted (unlawfully and without disclosure or permission from the buyer) into a mortgage-backed security which was "swapped" or deposited by Magic Bank to Bank of Canada and "cleared" through the Canadian Payment Association for which another deposit was entered into Magic Bank's transaction account.

 

From the above, we can list all the criminal acts perpetrated by Magic Bank:

 

  • The mortgage contract was void ab-initio because Magic Bank lied and never intended to lend a single cent of their own asset or depositor's money to the buyer. A valid contract must have lawful or valuable consideration. The contract failed for anticipated breach. Magic Bank never planned to give the buyer/borrower any valuable consideration.

 

  • Magic Bank breached all its fiduciary duties to the buyer and are therefore guilty of criminal breach of trust by failing in its good faith requirement.

 

  • Magic Bank concealed the fact from the buyer that it would be using the buyer's promissory notes; first to clear all the liens and encumbrances in order to convey clear title to the buyer; then use the second promissory note to obtain more money from Bank of Canada or other institutions that buy and sell mortgage-backed security. Magic Bank received up to three times the amount of money required to purchase the property and kept the proceeds to itself without telling the buyer.

 

  • Magic Bank violated its corporate charter by loaning "credit" or nothing at all to the buyer and then charging interests on such make-believe loan. Banks are only licensed to loan their own money, not other people's money. Magic Bank used the buyer's promissory note to clear the title which essentially purchased the property from the seller. The transaction is an ultra vires transaction because Magic Bank has engaged in a contract outside of its lawful mandate. An ultra vires contract is void or voidable because it is non-existent in law.

 

  • Everyone involved in this undertaking with Magic Bank, starting with the loan or mortgage officer, the lawyers, the land title office and even the central bank are equally guilty by association by aiding and abetting Magic Bank in its commission of its crimes against the buyer and the people who would eventually have to absorb all of the loss through increased taxes, etc.

 

In the final analysis, Magic Bank and the others who profited from the ultra vires transaction are all guilty of unjust enrichment and fraud for deceiving the buyer and the people for acting in concert in this joint endeavor to deceive the buyer.

 

What can we do?

The above clearly demonstrate how Magic Bank deceives thousands if not millions of people by making us think we are getting a loan when the truth is there is no loan. Do the bank's loan officers know what they are doing? Absolutely. Therefore they must be stopped. But who is going to stop them from deceiving thousands of people everyday? The SYSTEM namely, the banks, the lawyers and the courts will not. Stopping Magic Bank and others like it is entirely up to us. We allowed them to deceive us by becoming lethargically and knowingly ignorant.

 

This is where we come in. We have done extensive research and understand how the banks are stealing and plundering our wealth. We know what they do and how they do it. We also know that the banks have the money to buy the most expensive lawyers and pay the courts in order to receive a favorable outcome. The government knows that the banks consistently violate the law and their corporate charter and use their influence against the public servants who have sworn to serve and protect our best interest.

 

Only you can hold these banks and public officials to account. We need you to tell us that you want to become debt-free and that you want all of the money stolen from you by the banks returned to you with interest. We cannot help everybody but we can help you and those who want our help.

 

This is how it's done:


You assign all your debts to us. That's right, we assume all your debts. Crazy eh? Who in the world would want to assume anyone else's debt? Only we from Debt Free Sovereign Trust do this sort of thing because we know our process works. In essence, by assuming your debts, we become your payment agent. Our job is to help you pay for all your debts. We eliminate your debts by paying them off.

 

As your payment agent, we assume all your debts by transferring them all into a trust. Debt Free Sovereign Trust becomes your trustee. This is required in order to remove any excuse by Magic Bank and others like them to refuse to deal with us on your behalf. As your lawful payment agent, we become cloaked in law with a vested interest and a fiduciary duty with regards to your debt to do whatever is necessary to cause your creditors to discharge, settle or close your accounts permanently and to receive whatever amount of money has been stolen or converted by the banks from you without your knowledge or permission.

 

Upon transferring all your debts into Debt Free Sovereign Trust, we inform the bank of the fact and we ask to see what the pay off is for the supposed loan which you never received. We then create a Surety Bond backed by your personal exemption with a face value of up to double the pay off amount.

 

We then make a presentment to the bank with the attached bond. If fictional "persons" like corporations can create money out of thin air, so can you. This is because there is no money. Real money does not exist and therefore money must be created.

 

The presentment itself offers the bank the choice of whether to honor or dishonor the presentment. Should the bank decide to honor the presentment, all they have to do is accept the attached bond for value and discharge, settle or write off the account, no questions asked. You are now completely debt free. Our fee for this service is calculated at 40% of the loan balance. This amount may be shared between you and the bank who still stand to profit by way of a tax write off of up to 100% of the total unpaid balance.

 

Should the bank decide to dishonor the presentment by rejecting the bond as payment (which is usually the case), they are required by law (law merchant) to produce all the evidence required in order to prove they have a valid claim against you. This includes but not limited to the following:

 

  • The original contracts and loan application or promissory notes or mortgage documents they received from you.

 

  • In the absence of the original documents and promissory notes, the bank must compensate or indemnify you for the loss or non-return of your promissory notes.

 

  • Full accounting records, ledgers, bookkeeping entries signed and sworn by the person who made the entries under penalty of perjury and his/her full commercial liability.

 

  • Certified true copies of all audited statements of accounts sworn under penalty of perjury and full commercial liability of the person or persons who made and or audited the statements.

 

  • The bank must return the bond they received within 10 days of deciding it will not accept the bond in return for discharge and settlement of your account.

 

Upon the bank's dishonoring the presentment, we make another presentment, a Notice of Fault/Opportunity to Cure. This gives the bank another opportunity to settle the account or produce all verifiable evidence to prove the existence or validity of the loan in question. The bank has ten days to make up its mind whether or not they will reconsider your good faith offer to discharge and settle the account in good faith.

 

Should the bank decide to dishonor or reject the offer, the Notice of Fault/Opportunity to Cure shall be the banks tacit admission and agreement that they do not have any valid claim against you. This would result in an automatic Notice of Default to be served to the bank. The Notice of Default is your notice that you have accepted the bank's default under these terms and conditions: that your acceptance means that the bank must now pay you back the principal amount of the loan, plus compensatory damages up to four times the principal amount and punitive damages up to two hundred times the compensatory damage amount. The bank has further ten days to accept or dispute your original good faith offer to settle and discharge the loan amount or accept the terms and conditions contained in the Notice of Fault/Opportunity to Cure and the Notice of Default.

 

The bank's non-response shall cause us to issue to the bank a Certificate of Dishonor which is a default judgment against the bank. We now have the option to either sue the bank in court, force them into involuntary bankruptcy or sell the judgment to other banks. The buyers of these judgments may do whatever they like with the judgments.

 

In return, as compensation for our work, we will charge you, the client 40% of the proceeds of any money we receive either from the bank directly, or from the proceeds of the judgments. In other words, you get 60% and we get 40%. 

 

End of story

 

John-Ruiz: Dempsey

Sovereign Trust

 

The foregoing description above applies to a typical real estate purchase and sale and mortgage financing in Canada. Similar transactions using the Deed of Trust via privately operated title companies happens in the USA. 

 


Debt Free Sovereign Trust in a nutshell


Our debt remedy program came into existence as a result many failed debt elimination schemes. We took the best out of them, simplified the process and made it less expensive for people to join us. We also made it more lucrative for those who want to earn some extra cash by introducing others to join us.

 

Our plan is really simple. To eliminate your debts, we simply assume your debts. There is no need to get confused with all the unnecessary paperwork, all the filings, all the do-it-yourself schemes which almost always ends up with the debtor losing what he/she was trying to save in the first place.

 

All debts arising from privately created money or “digitally created” money can be eliminated whether the debts are secured or unsecured. The process is non-judicial, purely commercial and therefore we can apply the process in Canada as well as in the USA.

 

How do we start the process?

First you send us a copy of the latest bill or statement from your creditor. There is no minimum limit on the amount, but because we charge our clients the same regardless of the amount of indebtedness or type of loan, however, it is up to our clients to decide whether or not it is worthwhile to eliminate small debts. We will probably not recommend it if the debt is miniscule. Obviously, the bigger the debt, the bigger advantage it is for all of us to eliminate the debt.

 

Upon receipt of your latest bill/statement from the client, we will draft the paperwork including a non-competition, non-disclosure agreement and debt assumption agreement to send to the client for signature. We do not charge any fee for our service, we only charge for our expenses in the amount of $1,000.00 per account to be eliminated regardless of the amount or type of loan. {see note#1} Expenses are payable in advance and fully refundable only before your account is processed. After processing, all expenses paid shall become non-refundable.

{note#1} This is subject to change but at this time, we see no difference due to the fact that the method of eliminating the debt is the same whether it be a small personal loan worth a few thousand dollars or a commercial mortgage worth millions of dollars. The real payback is in the back end where we split the recovered funds 60/40 – which is 60% goes to the client and 40% goes to us.


There are three phases to the program:


Phase One

Upon signing the agreements, we go to work by issuing an acceptance notice to the creditor advising them that we have assumed the client’s debts and that we now have the fiduciary duty to discharge, settle and close the account in terms similar in type with a power of attorney. The acceptance notice will be our presentment to the creditor stating that we conditionally agree to discharge, settle or close the debts subject to receipt of various demands for verifiable proofs that the financial institution had a valid claim against our client. Attached to the presentment is a Payment or Settlement Bond drawn against the clients private exemption.

 

Phase One gives the creditor the choice of whether to defend itself by providing us with all the documents and materials required to prove the debt or to simply accept the payment bond and discharge the debt simply because such proofs or evidence no longer exist or never existed in the first place.  The creditor will normally have 10 days to respond to us whether or not they will try to defend themselves or honor and accept our presentment and process the attached payment bond thereby discharging, settling and closing the account.

 

We hope that the creditor would do the most honorable thing and simply accept our presentment, process the payment bond and discharge, settle and close the account and so everyone wins – the client is free from debt slavery and the creditor is also happy because the debt is considered paid in full. This is the ideal scenario. The backend fee if we are successful in discharging the debt this way is no more than 10% of the outstanding balance.

 

However, our experience tells us that the above ideal scenario does not happen all the time, if at all. It depends, from creditor to creditor, particularly when there are lawyers involved, the easy outcome we expect could drag on far longer than we expected. Therefore we go to next phase.

 

Phase Two

This is the phase where truth clashes with the untruth and light has to outshine the dark side. In essence, this is the part where the rubber meets the road.

 

Even though the banks know they cannot win, they will try to use all forms of intimidation. This is why it is very important that your account is kept up to date. This is the ideal situation. However, life is not always ideal, we must be able to do battle against the dark forces under any situation and most of the time that situation is always less than ideal. Most of our clients come to us as a last resort, either because they waited until the creditors have already written off the accounts to the debt collectors or the creditors and their lawyers have already commenced legal action, a situation which could inhibit us from coming to the debtor’s rescue. This is not because we are afraid to argue the matter in court but the problem is that our process is strictly designed to operate out of the box, outside of the legal process. What’s more, the $1,000.00 fee we would normally charge would simply not be enough to pay the lawyers and if we decide to do battle with the banks in court, the BAR associations and law societies will be ganging against us for unauthorized practice of law. The courts are simply not the place where we would like to do battle against the dark side.

 

Notwithstanding, whatever happens in court does not necessarily negate our process because our process is founded on truth, that all debts created by centralized banking systems are not honest, that monies created out of nothing is illegal, it is corrupt and definitely fraudulent. The out of court administrative process we use is a very powerful tool which guarantees that we obtain default judgments against the financial institutions all the time. It is not a newly invented process, it has existed for centuries; our justice systems simply did not want any competition and thus, the courts would prefer to ignore the process which is why the process is kept hidden to even most judges and lawyers who are schooled to engage in only one type of legal practice – the kind that does not require or need the whole truth to win a legal battle.

 

Our process is not based on legal arguments but rather, we rely on absolute truth. This is because in commerce, truth is sovereign. Our process is purely commercial, not legal, since it is the truth that sets us free. The untruth is what keeps us in bondage. “For we can do nothing against the truth but for the truth.” 2 Corinthians 13: 8

 

 

Phase Three

Phase Three is the payback phase, the most exciting phase, where we not only become debt-free but we also receive compensatory and punitive damages for the wrongs done unto us by our oppressors – the banks. However, due to the nature of our competition and those of our adversaries, we prefer to leave you in suspense regarding how we intend to proceed against our purported "creditors." And we won’t stop until we obtain default judgments against them by contract law. Because these "creditors" used us to unjustly enrich themselves at our expense, we would require that we are justly compensated and we deem there is nothing wrong with that. The payback is quite large, a lot more than you can think of based on a formula that has been accepted by the U.S. Supreme Court.

 

Whatever the payback is, the client gets 60% and we get 40% with 10% of this amount going to the agent. It is time we take the banks to the cleaners. Time to ask them to return the equity they stole from us. They will not voluntarily do it themselves; we have to make them do it.

 

For more information, you have to contact us by phone or email. Please let us know if we can help set you free from debt slavery.

 

Yours truly,

John Ruiz Dempsy


Contact:

 

 http://www.sovereigntrust.info