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John Zube of Austr Levi Phi
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labor displacement william_
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Fwd: Re:- Wally william_
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Re: In Reply to Jo Joe Thom
Re: Balanced Budge Joe Thom
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Re: Balanced Budge martinh
Re:- update on Wal Joe Thom
Re: Question for M Joe Thom
the reality? william_
ANNOUNCEMENT: The william_
Re: the reality? John Her
Re: Question for M martinh
Elaboration--Re: Q Joe Thom
Re: the reality? Levi Phi
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Re: the reality? william_
Re: Elaboration--R martinh
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Re: the reality? - Jessop S
Re: the reality? - Jessop S
Re: the reality? - william_
Re: the reality? - socred
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Re: the credit the william_
Re:- (social credi Joe Thom
Re: the reality? - Jessop S
Re: the reality? - Joe Thom
Re: the reality? - Joe Thom
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Douglas at Fearnan william_
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To Kevin Cahill william_
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Aberhart audio cli william_
Re: Re: the credit martinh
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Walbert Silver Gol Levi Phi
Re: the credit the william_
Creditory Economic Levi Phi
Zarlenga Monetary Levi Phi
Re: OWNERSHIP: Own william_
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Subject:Re: [socialcredit] the reality? -- the true assets of banks (Addendum)
Date:Tuesday, November 23, 2004  18:05:22 (-0800)
From:Joe Thomson <thomsonhiyu @....ca>
In reply to:Message 311 (written by Joe Thomson)

I think the case in all jursidictions is that a creditor has to initiate an
action in a Court  to obtain an order for foreclosure or repossession before
title can be transferred.    The differences may be in what happens to the
asset after that.  In BC,  it would seem the creditor can gain title and do
with the asset whatever he so wishes. Though I would think in some
situations the debtor might be able to make representation to the Court to
decide what should be done.  But I can't say for sure.  I'm a sawyer, not a
lawyer!

Douglas noted that the Banks often came into possession of industries
through this method  in Britain, (in 'The Monopoly of Credit" pages 57-58),
which seems to indicate  there was no requirement to ''sell them at public
auction" in place in British law at that time either.

Joe




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