The People vs. The Banks
The Greatest Battle


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John Dempsey
Illegal Debt Collection
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Warning: This information is not intended to constitute legal advice and should not be relied upon in lieu of consultation with appropriate legal advisors in your own jurisdiction. It may not be current as the laws in the area of informed consent change frequently.

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 feeds 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 employs its own army of debt collection agents and staff lawyers who does 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 assigns 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 starts 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. 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) decides 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 have any claim, simple as that, so do not be afraid of them.


If you are considering filing for personal bankruptcy - don't! There are other ways to stop the debt collectors from pestering you.

Everyone who feeds on the SYSTEM recommends that this is your only salvation to keep the bottom feeding lawyers and debt collectors from bothering you is to file bankruptcy. This is because this is the way they have been taught. All of them say that - lawyers, banksters, debt collectors, accountants, all recommend filing bankruptcy. Again, do not follow their advice. These people work for the SYSTEM and therefore they all want you to do what is best for the SYSTEM, not what is best for you.

Bankruptcy is the last thing you want to do, if you had to do anything at all. The banks love people who file bankruptcy because bankruptcy makes it possible for them to close your account, to put everything in zero balance - something they cannot do while you're still whole (not yet bankrupt). Your bankruptcy is their ultimate goal in the final confiscation and seizure of your property, including your own self.

When you file for bankruptcy, you become a ward of the state, which in turn qualifies you as an imbecile in the eyes of the law, unable to make legal decisions for yourself, you lose every right to hold property or equitable title to a property. Bankruptcy requires that you must hand over your entire possession over to the bankruptcy trustee - all of it! Of course they make you believe you are entitled to keep a certain amount of personal belongings to enable you to survive while you're in a state of bankruptcy, but this is not entirely true. You keep whatever the trustee allows you to keep; the trustee works for the government even though you are the one paying him or her, out your own pocket, but his loyalty is to the government who gave him the license to do business as a bankruptcy trustee. His job is to make sure that the creditors are happy. And why wouldn't they be happy? They get to keep any equity that belongs to you which can only be released by the banks through your bankruptcy. Sure they cannot go after you anymore, not because the bankruptcy laws protect you, but because now they have your equity, or the undisclosed liability on the part of the bank when they took and monetized your promissory note and deposited the money into their own account. Their liability to you, or the money they actually owed you and are holding in constructive trust for you no longer has to be paid. You are now a declared imbecile remember? A real idiot in the eyes of the law of commerce and in the eyes the banks. Idiots do not deserve to get paid and hold property. So don't be an idiot - don't file for personal bankruptcy. Let the debt collectors bug you, they have to stop after a while.

You can however tell them you are bankrupt, or an undeclared bankrupt. If they ask when did you file for bankruptcy? Just tell them you haven't. According to our bankruptcy laws, if you owe anyone at least $1,000, you are considered insolvent, in other words, bankrupt. Why spend the money filing for bankruptcy? Keep the money instead. At this point, your credit is already ruined anyhow, filing for personal bankruptcy will not improve your credit rating, it will only make it worse. Therefore forget about bankruptcy, unless you really want to be an idiot, or an imbecile.

Alternatives to bogus "Bank Credit":


Debt Elimination Program
The answer to most debt problem is not bankruptcy because
bankruptcy does not really eliminate debt; neither is your credit restored to good standing after you declare bankruptcy.

The answer is Debt Elimination, not bankruptcy.

We can help you eliminate all of your debts without going through the expense of bankruptcy. However, please note that we are only accepting debt elimination inquiries within British Columbia, Canada. We will be expanding into other areas as soon as we are able to handle all of the enquiries we receive. Please direct your enquiries to: Satisfaction Guaranteed