Using Public Hazard Bonding To Your Advantage
Allan Cantwell
When properly executed, acceptance of a commercial offer to contract and payment thereof using your credit assigns fiduciary responsibilities to and transfers liability for the instrument, a promissory note, to the Offeror, who then must perform on the note or be held personally liable for its face value, typically in the millions of dollars. A court, for example, is mandated by law, in this case 28 USC Section 2041, to deposit any and all payments within five days. Failing proper disposition, whomever the note maker assigns fiduciary responsibility to, such as a "judge" , Clerk of Court, or Trial Court Administrator, is answerable to the IRS. When reported correctly to IRS, the default becomes a personal tax liability to the fiduciary Trustee(s) on the note, and in time IRS distresses his public hazard bond by securing the funds in question from it. As noted by "S", this action against his bond renders the public official uninsurable for public hire. There is currently a growing list of public officials who have chosen to defy public policy in this manner and to suffer the consequences.