What if we are Secured Party Creditors, wouldn't it shield us from being debtors in any way? (For more info on becoming an SPC find "Cracking the code" and read it.
Then you're in the same pool as all the other "secured creditors" fighting for the liquidation of the same "collateral pool" , in the pecking order of such secured creditors.
Better, but not a perfect solution. Just a step higher in the creditor ladder.
I think owning one's "all-caps-trade-name" will be a very useful shield during an environment of insecurity and arbitrary actions from the "authorities" where the "powerful" are trying to make you a debtor through fines, confiscations, forced identification etc. We saw a glimpse of it already. (I am not even referring to rich investors but normal people without securities who need to protect name, honour, savings and property.)
What if we are Secured Party Creditors, wouldn't it shield us from being debtors in any way? (For more info on becoming an SPC find "Cracking the code" and read it.
Then you're in the same pool as all the other "secured creditors" fighting for the liquidation of the same "collateral pool" , in the pecking order of such secured creditors.
Better, but not a perfect solution. Just a step higher in the creditor ladder.
I think owning one's "all-caps-trade-name" will be a very useful shield during an environment of insecurity and arbitrary actions from the "authorities" where the "powerful" are trying to make you a debtor through fines, confiscations, forced identification etc. We saw a glimpse of it already. (I am not even referring to rich investors but normal people without securities who need to protect name, honour, savings and property.)