[Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 45.

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: corather on August 23, 2014, 12:11:03 AM

Quote from: Truthful on August 23, 2014, 12:02:53 AM

Quote from: corather on August 22, 2014, 11:53:17 PM

Quote from: Truthful on August 22, 2014, 11:47:02 PM

As stated trustees are just obligated to follow the law. Nothing more and nothing less. If they don't they will be disqualified.

Incorrect, they represent the law and are often lawyers themselves. They can be disbarred for not following the law, or breaking it. They are the court the same way the judge is the court. They are pieces of a larger puzzle and all your bankruptcy documents are filed with them and with the court they represent.

That's laughable. A trustee is a lawyer???

A lawyer is not eligible see this from this website https://www.afsa.gov.au/practitioner/trustees/solicitor-controlling-trustees-eligibility-requirements

Controlling Trustee Eligibility Requirements
On 1 December 2004, new eligibility requirements for solicitor controlling trustees were introduced. Bankruptcy Regulation 8.35(1)(f) will provide that for subsection 188(2A) of the Bankruptcy Act 1966 a person (other than the Official Trustee or a registered trustee) is not eligible to act as a controlling trustee if the person has not by 1 December 2006:

(i) become a full member of the Australian Restructuring Insolvency & Turnaround Association (ARITA); or
(ii) satisfactorily completed a course in insolvency approved by the Inspector-General [PDF 38KB]

Umm, that's not what that means.

What else could it mean? It states that a lawyer/ solicitor can't be a trustee.

hobopete

member

Activity: 196

Merit: 10

The best part of this is that I am drunk and on drugs for my cancer and still I am more rational than Untruthful...

https://bitcointalk.org/index.php?topic=742456.20

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: Truthful on August 23, 2014, 12:02:53 AM

Quote from: corather on August 22, 2014, 11:53:17 PM

Quote from: Truthful on August 22, 2014, 11:47:02 PM

As stated trustees are just obligated to follow the law. Nothing more and nothing less. If they don't they will be disqualified.

Incorrect, they represent the law and are often lawyers themselves. They can be disbarred for not following the law, or breaking it. They are the court the same way the judge is the court. They are pieces of a larger puzzle and all your bankruptcy documents are filed with them and with the court they represent.

That's laughable. A trustee is a lawyer???

A lawyer is not eligible see this from this website https://www.afsa.gov.au/practitioner/trustees/solicitor-controlling-trustees-eligibility-requirements

Controlling Trustee Eligibility Requirements
On 1 December 2004, new eligibility requirements for solicitor controlling trustees were introduced. Bankruptcy Regulation 8.35(1)(f) will provide that for subsection 188(2A) of the Bankruptcy Act 1966 a person (other than the Official Trustee or a registered trustee) is not eligible to act as a controlling trustee if the person has not by 1 December 2006:

(i) become a full member of the Australian Restructuring Insolvency & Turnaround Association (ARITA); or
(ii) satisfactorily completed a course in insolvency approved by the Inspector-General [PDF 38KB]

Umm, that's not what that means.

hobopete

member

Activity: 196

Merit: 10

https://bitcointalk.org/index.php?topic=742456.20

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

you guys are nuts, who cares. maybe the guy had to many coconut drinks in Fiji. the 25 mil was from 2012, it was proof that they have dealt in large transactions when people were wondering if GES had ever sold anything worth over $5 Dollars. And GES/GES pty/Niers if you guys think these are all separate companies you need a checkup from the neckup. all the nier information was on the old gescommodity website. It shouldnt matter if Nilesh is bankrupt, his wife is running the show isnt she? Truthful or Chang pointed out that Aus bankruptcy takes 3 years to resolve. we're just about done with Nilesh's year one. Sit back and enjoy the popcorn, nothing anyone says in this thread will be remembered in a week let alone 6 months. It wont be seen by the end users of urocoin. its a giant circlejerk like most of the other threads on the altcoin portion of this website.

hobopete

member

Activity: 196

Merit: 10

Quote from: Truthful on August 23, 2014, 12:05:05 AM

Quote from: hobopete on August 22, 2014, 11:56:40 PM

Untruthful, you are trying to remake the entire system in favor of your illogical arguments.

https://bitcointalk.org/index.php?topic=742456.20

lol, lol I can't fabricate what the Bankruptcy Law says or what the authorities, such as AFSA state. I can't fabricate what their forms or what is written on Government websites. Why don't you ring AFSA??

We are not discussing means of filing, we are discussing means of DISCHARGE. And an unpaid debt can only be discharged by the order of a judge in a court of law. Disprove this statement if you can.
https://bitcointalk.org/index.php?topic=742456.20

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: codmaster on August 23, 2014, 12:05:42 AM

Quote from: hobopete on August 22, 2014, 11:56:40 PM

Untruthful, you are trying to remake the entire system in favor of your illogical arguments.

https://bitcointalk.org/index.php?topic=742456.20

he is really trying....and failing

Prove me wrong.

I have responded to all your claims, yet you haven't presented any reasonable information or credible source to support your claims.

codmaster

full member

Activity: 140

Merit: 100

Quote from: hobopete on August 22, 2014, 11:56:40 PM

Untruthful, you are trying to remake the entire system in favor of your illogical arguments.

https://bitcointalk.org/index.php?topic=742456.20

he is really trying....and failing

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: hobopete on August 22, 2014, 11:56:40 PM

Untruthful, you are trying to remake the entire system in favor of your illogical arguments.

https://bitcointalk.org/index.php?topic=742456.20

lol, lol I can't fabricate what the Bankruptcy Law says or what the authorities, such as AFSA state. I can't fabricate their forms or what is written on Government websites. Why don't you ring AFSA??

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: corather on August 22, 2014, 11:53:17 PM

Quote from: Truthful on August 22, 2014, 11:47:02 PM

As stated trustees are just obligated to follow the law. Nothing more and nothing less. If they don't they will be disqualified.

Incorrect, they represent the law and are often lawyers themselves. They can be disbarred for not following the law, or breaking it. They are the court the same way the judge is the court. They are pieces of a larger puzzle and all your bankruptcy documents are filed with them and with the court they represent.

That's laughable. A trustee is a lawyer???

A lawyer is not eligible see this from this website https://www.afsa.gov.au/practitioner/trustees/solicitor-controlling-trustees-eligibility-requirements

Controlling Trustee Eligibility Requirements
On 1 December 2004, new eligibility requirements for solicitor controlling trustees were introduced. Bankruptcy Regulation 8.35(1)(f) will provide that for subsection 188(2A) of the Bankruptcy Act 1966 a person (other than the Official Trustee or a registered trustee) is not eligible to act as a controlling trustee if the person has not by 1 December 2006:

(i) become a full member of the Australian Restructuring Insolvency & Turnaround Association (ARITA); or
(ii) satisfactorily completed a course in insolvency approved by the Inspector-General [PDF 38KB]

hobopete

member

Activity: 196

Merit: 10

Untruthful, you are trying to remake the entire system in favor of your illogical arguments.

https://bitcointalk.org/index.php?topic=742456.20

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: hobopete on August 22, 2014, 11:46:33 PM

A trustee does have the power to go to court, and is in fact, often assigned by the court to represent a bankruptcy.
But they have to go to court, and the only person with the authority to decide the case is the judge. period.
The judge must sign off on everything.
https://bitcointalk.org/index.php?topic=742456.20

No, no incorrect. Did you read these?

http://www.austlii.edu.au/au/legis/cth/consol_act/ba1966142/

https://www.afsa.gov.au/debtors/bankruptcy

http://www.foxsymes.com.au/articles/How-to-Claim-Bankruptcy

A person can file for their own bankruptcy by filling out forms and sending them to the authority, in this case, AFSA.

A trustee needs to follow the Bankruptcy Law.

A trustee would go to court if the debtor has done something wrong.

They are not lawyers. Trustees would need a lawyer to present their case in court for them, just like anyone else does.

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: Truthful on August 22, 2014, 11:47:02 PM

As stated trustees are just obligated to follow the law. Nothing more and nothing less. If they don't they will be disqualified.

Incorrect, they represent the law and are often lawyers themselves. They can be disbarred for not following the law, or breaking it. They are the court the same way the judge is the court. They are pieces of a larger puzzle and all your bankruptcy documents are filed with them and with the court they represent.

hobopete

member

Activity: 196

Merit: 10

Accountants have guidelines and GAAP. (Generally Accepted Accounting Principles)
Law is inflexible.
Legal processes are defined by law and the Judge is the ultimate authority who applies the rule of law to the facts of the case.
Any lawyers or judges care to chime in?
https://bitcointalk.org/index.php?topic=742456.20

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: Truthful on August 22, 2014, 11:47:02 PM

Just like accountants have laws to follow too!

accountants aren't officers of the court. however there are accountants that are officers of the court.

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: corather on August 22, 2014, 11:44:05 PM

Quote from: Truthful on August 22, 2014, 11:41:38 PM

Quote from: hobopete on August 22, 2014, 11:34:41 PM

Quote from: Truthful on August 22, 2014, 11:29:53 PM

Quote from: hobopete on August 22, 2014, 11:24:56 PM

You are being distracting again. These are just layers of
bureaucracy.
It doesn't matter who takes the report, the only authority to enforce the result is the court.
you are just trying to keep people away from the truth.
https://bitcointalk.org/index.php?topic=742456.20
Community, please keep bumping this so that new investors can get a clear picture of the situation.
Thank You.

Not being distracting. Just stating what the true case is around bankruptcy.

Did you look at the forms and relevant information from AFSA that I posted? None of it states that any court is needed for a debtor to file for bankruptcy. Only time a court is needed is if someone (creditor) wants to make another person bankrupt.

Since Nilesh's bankruptcy was a debtors petition, no court was needed.

That is like saying a traffic cop can put you in prison for 10 years because he caught you jaywalking.
A court is ALWAYS needed. ONLY the court has the power.
This is just stupid.

No it's not. The forms and websites I referred you to do not lie.

Maybe you are having trouble accepting the way the Bankruptcy Law works. I'm only providing you with that information. If you read this it might give you more information.

http://www.austlii.edu.au/au/legis/cth/consol_act/ba1966142/

It's stated trustees are officers of the court. Anything they accept as legally binding and bankruptcies are legally binding are representations of the court and are court binding.

It's stated clearly, I even made it bold for you. it's obvious you just cannot comprehend which is okay but don't sit there and tell me it's raining while you're pissing on my shoe.

As stated trustees are just obligated to follow the law. Nothing more and nothing less. If they don't they will be disqualified.

Just like accountants have laws to follow too!

hobopete

member

Activity: 196

Merit: 10

A trustee does have the power to go to court, and is in fact, often assigned by the court to represent a bankruptcy.
But they have to go to court, and the only person with the authority to decide the case is the judge. period.
The judge must sign off on everything.
https://bitcointalk.org/index.php?topic=742456.20

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

It's not false, it's just misunderstood by "Truthful".

Truthful

sr. member

Activity: 392

Merit: 250

Quote from: corather on August 22, 2014, 11:40:28 PM

Quote from: Truthful on August 22, 2014, 11:38:41 PM

Quote from: corather on August 22, 2014, 11:31:30 PM

Quote from: Truthful on August 22, 2014, 11:26:26 PM

Quote from: corather on August 22, 2014, 11:21:38 PM

https://www.afsa.gov.au/practitioner/trustees/trustee-registration

"Overview of a Trustee’s Duties

Bankruptcy trustees are required to maintain the utmost professionalism, independence, impartiality, honesty and ethics in their dealings. They are considered officers of the Court and in exercising powers and discretions and making decisions no lesser standard is to be expected of them than of a court or judge. They play a central role in the administration of estates and are under a general duty to exercise the powers in such a fashion that the objects of the Act, including those of equality between creditors and fairness to bankrupts and debtors are served."

There can you finally understand?

That states the role of a trustee as set out in Bankruptcy Law https://www.afsa.gov.au/practitioner/trustees. They are required to follow the law. That statement just says that they are to ensure that the Bankruptcy Law is upheld and if they breech their duties as a trustee they can be disqualified from being a trustee.

Has nothing to do with a person needing to go to a court to file for bankruptcy.

As an officer of the court you represent the court legally, therefor all bankruptcy filings are automatically filed with the court. Whether or not an actual judge drools on your case makes no difference. Appointees or officers of the court hold the same weight when it comes to filing paperwork and court documents. There is no difference. They can even make decisions based on your case to keep it out of the actual court room.

That's not true. The trustee is just bound by Bankruptcy Law. If they are found to be negligent of their duties they can be removed as a trustee. If a trustee shows bias to any party in "order to keep it out a court room" they are in breech of their duties.

Did you read any of this??

https://www.afsa.gov.au/practitioner/trustees

or perhaps you can read this

http://www.austlii.edu.au/au/legis/cth/consol_act/ba1966142/

A trustee doesn't have the power to go to court and represent someone so they can file for bankruptcy. In fact, if you want to file for bankruptcy you don't need to go to court.

It is true, you just can't comprehend it. Call them and see what they say about it.

Why don't you call them? Why would a government organisation or the Bankruptcy Law give false information??

You need to read the information.

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: Truthful on August 22, 2014, 11:41:38 PM

Quote from: hobopete on August 22, 2014, 11:34:41 PM

Quote from: Truthful on August 22, 2014, 11:29:53 PM

Quote from: hobopete on August 22, 2014, 11:24:56 PM

You are being distracting again. These are just layers of
bureaucracy.
It doesn't matter who takes the report, the only authority to enforce the result is the court.
you are just trying to keep people away from the truth.
https://bitcointalk.org/index.php?topic=742456.20
Community, please keep bumping this so that new investors can get a clear picture of the situation.
Thank You.

Not being distracting. Just stating what the true case is around bankruptcy.

Did you look at the forms and relevant information from AFSA that I posted? None of it states that any court is needed for a debtor to file for bankruptcy. Only time a court is needed is if someone (creditor) wants to make another person bankrupt.

Since Nilesh's bankruptcy was a debtors petition, no court was needed.

That is like saying a traffic cop can put you in prison for 10 years because he caught you jaywalking.
A court is ALWAYS needed. ONLY the court has the power.
This is just stupid.

No it's not. The forms and websites I referred you to do not lie.

Maybe you are having trouble accepting the way the Bankruptcy Law works. I'm only providing you with that information. If you read this it might give you more information.

http://www.austlii.edu.au/au/legis/cth/consol_act/ba1966142/

It's stated trustees are officers of the court. Anything they accept as legally binding and bankruptcies are legally binding are representations of the court and are court binding.

It's stated clearly, I even made it bold for you. it's obvious you just cannot comprehend which is okay but don't sit there and tell me it's raining while you're pissing on my shoe.

Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 45. (Read 227165 times)