Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 46. (Read 227157 times)

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

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.

Bump

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.

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.

Stop asking questions and start answering them. What is your relation to Nilesh?

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.

Pete, why do you even care? The "investors" here ain't shit comparing to the global urea market. What can the bitcoinforum "investors" ever do to help or harm a global commodity cryptocertificate? Get some popcorn and watch. Don't forget to troll the trolls; otherwise the next 6-9 months will get really boring

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.

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.

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?

You haven't answered a single question. You have always been avoiding them. You have something you're hiding. Since there's no answer - GTFO!

This is also written on the following site https://www.afsa.gov.au/debtors/bankruptcy/debtors-petition. It doesn't mention anything about the courts. The Official Reciever is AFSA.


Am I eligible to lodge a debtor's petition?
To be eligible to apply to become bankrupt, you must have a relevant Australian connection.  For example:

you are personally present, or ordinarily reside in Australia
you have a dwelling-house or place of business in Australia
you or your firm/partnership is carrying on a business in Australia.
Your application (Debtor’s Petition and Statement of Affairs) also may be rejected by the Official Receiver if:

your forms are incomplete and inaccurate (not answering all relevant questions)
you have not provided sufficient and appropriate proof of identify
the Official Receiver is of the view that you can pay all your debts within a reasonable time AND either:
you have previously been bankrupt 3 or more times, or once in the last 5 years, or
you are unwilling to pay one or more creditors, or creditors in general.
If your application is not accepted you will be advised of this.  Creditors can still contact you and take action to recover their debts until your debtor’s petition is accepted.  If you are dissatisfied with the Official Receiver’s decision not to accept your Debtor’s Petition you may seek a review of the decision by the Administrative Appeals Tribunal (AAT).

If you wish to arrange for a registered trustee of your choice to administer your bankruptcy, you must ask your trustee to complete a Trustee Consent to Act Declaration form and lodge it along with your Debtor’s Petition and Statement of Affairs.  If a completed form is not lodged with your application, the Official Trustee (AFSA) will act as your trustee or arrange with your creditors to appoint a registered trustee.

No it's not the authorities refers to the Australian Financial Security Authority (AFSA).

Why would they have some post office address to send it to that has nothing to do with the courts? Why haven't they asked the person to provide court order statements on the forms?

Lots of people file for bankruptcy and have no court dealings!

Bankruptcy has to do with not being able to meet your debt commitments and anyone can do it.

i repectfully agree....it is obsessive behaviour, narcissistic

Bump
Thank You.

It is called a "Judge"ment for the simple reason that it is rendered by a "judge"....

Although it's demeaning to reply to stupidity, I just have to point out that " the authorities", are, in fact, the courts.
who do you think decides these cases, a traffic cop?

No, you fill out the form, it says, "Application to become Bankrupt". The following website https://www.afsa.gov.au/debtors/bankruptcy/debtors-petition says this:

Complete and lodge a debtor's petition and statement of affairs
If you decide to proceed, you will need to complete and lodge a:

Debtor's petition (application to become bankrupt; includes signed acknowledgement of Prescribed Information)
Statement of affairs.
The debtor's petition must be completed and lodged with the Official Receiver within 28 days of the form being signed by you.

When completing your forms:

Answer all questions and answer them truthfully.
If they do not apply to you, please write “N/A” (not applicable).  Penalties apply for providing false or misleading information.
Ensure you have read and understood the prescribed information, located on the back of the debtor's petition form.
Forms and instructions are available at 'Forms for declaring bankruptcy'.

Send your completed application within 28 days of signing  to:

Email: [email protected] or,
Post: GPO Box 1550, ADELAIDE SA 5001.

Where does it state that you need to have it processed in court??