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Chapter II When a debtor subjects himself to the bankruptcy court, he will be powerless to answer the allegations that may arise during his case. He will not be believed and that can lead to criminal investigation following his bankruptcy hearings. He will be unable to prove his innocence in the criminal courts to such charges as bankruptcy fraud, money laundering, conspiracy and other criminal activity, even if he is innocent. There are serious time warp problems, hidden rules and regulations and numerous pitfalls awaiting him. It is a long list from the Government can choose, and will l accuse the debtor of criminally defrauding his creditors. The process the government is using to convict debtors is described as a warning to prospective debtors of the hidden risks involved in the bankruptcy system and to motivate them to use caution and study our alternatives to filing a bankruptcy.
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Chapter VII HOW TO SET UP DEFENSIVE ACTIONS AT EVERY JUNCTURE TO PROTECT YOURSELF Business structure is important today, and there are better ways to set up ones affairs to be less exposed to failure, creditors, and the FEDERALES. The Nevada Corporation’s many benefits are explained as is how to structure multiple businesses for maximum protection. The emphasis is placed on simplicity versus complexity. Popular accounting advice is challenged with Street Smart logic. Partnerships are also presented as valuable tools for a business man’s advantage. We show how a debtor in trouble can restructure his affairs in a better way before he loses everything. The idea is not to expect attorneys to do for the debtor what he can better do for himself. NOTE: Filing for bankruptcy is costly; there are lawyers and procedures that take fees and preparation that cost; you are surrendering decision making about you, your family and assets to a foreign body: the Government. Bankruptcy laws are not for you. They are for the creditors. |
Chapter
XXII A DEBTOR IS IN A VERY HOSTILE ENVIRONMENT IF HE ENDS UP IN A FEDERAL CRIMINAL COURT The combinations of the bias in the minds of juries and judges and the system used in trying Federal Cases makes a debtor’s defense in court very risky. Public defenders are for the most part inadequate, as our illustration dramatically shows. The system is flawed and it does not allow for a good defense against Bankruptcy Fraud charges, as it will impute wrong motives to all the debtor’s actions. This is not a condition the debtor chooses, but one into which his bankruptcy may deteriorate, beyond his control, if he does file
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Chapter VIII HOW TO MAKE NEGOTIATIONS WITH CREDITORS GET BETTER AND BETTER OVER TIME
Now even at this point in your particular situation, negotiations can lead to incredible deals. A debtor should seriously ask himself, however, whether the money will do more good at this time in his pocket, or his creditor's pockets. Even if a debt is satisfied with 50 cents on the dollar, which is money gone from the limited resources of the debtor. He needs every dollar, usually. Later these bills can be paid with perhaps even less money, maybe 30 cents on the dollar. |
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