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To: clee1
How does a debtor cancel his debt?
5 posted on 06/16/2015 6:19:14 PM PDT by Olog-hai
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To: Olog-hai

“How does a debtor cancel his debt?”

If you’re a government, you repudiate it. It happens fairly frequently.


7 posted on 06/16/2015 6:22:33 PM PDT by RKBA Democrat ( The ballot is a suggestion box for slaves and fools.)
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To: Olog-hai

A debtor with 10 CVBG’s can cancel anything they want.


8 posted on 06/16/2015 6:25:41 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Olog-hai

You or I just default then declare bankruptcy.

The US Governemnt could just vote to default, and vote furthe that no colatteral could be seized by a foreign government.


14 posted on 06/16/2015 6:54:16 PM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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