Bankruptcy judges request complete proof of the center of life, such as the costs of living - car, gas, electricity, water, telephone, rent, club memberships, etc. In some countries, the assessment of the food items and the whereabouts of the spouse and the children are also relevant.
However, if the center of life is elsewhere, the entire process is invalid. Creditors should expect criminal prosecutions for attempted fraud. Advisor agencies provide aid with the fraud procedure against insolvency and restructuring.
If a creditor determines that one of his debtors has moved away, he can file for insolvency in the United States of America. The court is no longer responsible for foreign bankruptcy. The person in question is subject to the American insolvency law. The responsibility lies with the American insolvency court and the American prosecutor!
The consequences for the debtor:
The money for rehabilitation consultants and the insolvency agency is gone!
The money for the apartment is gone.
The money for living, flights and so on is gone.
One can handle the bankruptcy adventure for a period of about 18-24 months. This money is withheld from the creditors. This is clearly fraud.
Who needs debt relief?
The courts do not have to accept a residual debt, but the creditors do! Self-styled "experts" always forget to inform their customers about this. A process initiated by the court without the consent of the creditors is definitely fraud. Then, the reorganization agency or consultant receives no money!
Rehabilitation consultants and insolvency agencies can help with this type of procedure. That has already happened several times. The comparison to corporate fraud is obvious.
What can you do differently?
The success of the debtor and creditor from the point of view of the insolvency procedure can is established in accordance with the insolvency law of a particular country. However, neither a "normal" bankruptcy procedure, nor a settlement plan shall levy a successful personal bankruptcy procedure.
Therefore, the success of a debt relief procedure depends on your honesty and the good will of all parties.
The main difference between insolvency and rehabilitation agencies and consultants lies in the number of creditors involved in the bankruptcy process! The insolvency ones take care of everything that has to do with courts, lawyers, debt collection agencies, bailiffs, redevelopment consultants, agencies, bankruptcy, etc.
Debtors and creditors together pay the bill:
The debtor loses everything.
The creditors usually get nothing.
Who are the winners?
The creditor! He does not leave the trial empty-handed and saves time, trouble and expenses.
The debtor! He is debt free within 3 months, saves time, trouble, suffering, effort, etc. and can make a fresh start.
The state! A former debtor who returns to work and earns money pays taxes. In the United States, he is forced subsidized by taxpayers. Sometimes he never comes off the ground up anymore or only comes clean after 7-10 years. Who does this serve for?
Who are the losers?
Administrators, lawyers, debt collection agencies, bailiffs, redevelopment consultants, insolvency agencies go home empty-handed. They earn nothing.
In addition to this:
You enforce the remaining debts if they were running an insolvency procedure.
You avoid follow-bankruptcy because you are exempt from the payment of tax, health insurance and social security protection.
Your negative credit bureau entry is redeemed immediately!
You will understand that this successful approach for creditors and debtors does not hang from the rooftops.
You can become debt free and eliminate debt within 3 months. No tricks, no creditor fraud and thus, no criminal consequences. All creditors involved!
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