Tuesday, November 19, 2019

Policy Status : Suggested
That the govt put in place rules that give access to Trusts which have gained value in part from unpaid creditors

Trusts are formed to protect assets.

However, it seems that there are regularly both businesses and individuals who declare themselves insolvent or bankrupt, owing large sums to a great many, and then turn up a relatively short time later, having just purchased an expensive house, with one or two flash cars parked in the driveway.

This ability to turn up like a phoenix, can only have been accomplished if there were funds that this person/entity had stashed away somewhere, to their benefit, at some level, at the expense of creditors to whom money was owed, and arguably, to whom money is STILL owed

This needs further discussion, but i believe it to be the only fair way to handle debts that are owed, where were the right questions, to be asked in the right places, the money owed, or more of it at least, could be found to repay the debts that had been incurred




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