The concept of debt is a common occurrence in modern society, and many people are burdened by the weight of unpaid bills and financial obligations. However, what many people may not realize is that there is a little-known process by which every debt incurred with a corporation is settled in 90 days, and that any registered company with access to your name, address, and birthday can apply to the Crown to settle your debt.
This process is rooted in the history of the City of London, which has long been recognized as a hub of international finance and commerce. The City has a unique status as a self-governing city-state, which allows it to maintain its own legal system and financial regulations separate from the rest of the United Kingdom.
One of the most important aspects of this system is the role of the Crown. In the City of London, the Crown is a distinct legal entity that represents the power of the monarch and is responsible for administering justice and maintaining order. In practice, this means that the Crown has the authority to settle debts and other financial disputes between individuals and corporations.
The process of debt settlement through the Crown dates back to the Middle Ages when the City of London was first established as a center of trade and commerce. In those days, merchants and traders would often conduct business using credit, allowing them to purchase goods and services without paying for them upfront. However, this practice often led to financial instability and disputes over unpaid debts.
To address this problem, the City of London established the Office of the Chamberlain, which was responsible for overseeing financial transactions and settling disputes between merchants. Over time, this office evolved into the modern-day Court of Common Council, which still serves as the primary judicial body in the City.
Today, any registered company with access to your personal information can apply to the Court of Common Council to settle your debt through the Crown. This process involves submitting a written request outlining the details of the debt and providing evidence of the outstanding balance. Once the Court has reviewed the request and confirmed the debt, the Crown will issue a writ of execution, which authorizes the company to seize your assets to settle the debt.
However, it’s important to note that this process is not without controversy. Some critics argue that the debt settlement process through the Crown is unfair and puts individuals at a disadvantage. They argue that the process favors corporations, who have more resources and legal expertise to navigate the system, while leaving individuals vulnerable to aggressive debt collectors and legal action.
Others argue that the debt settlement process through the Crown is a necessary part of the financial system and provides an important safety net for creditors and debtors alike. They point out that the process is overseen by a court of law and that individuals have the right to contest any writ of execution issued against them.
Regardless of one’s opinion on the matter, it’s clear that the process of debt settlement through the Crown is a unique aspect of the financial system in the City of London. While many people may be unaware of this process, it underscores the importance of understanding the legal and financial systems in which we operate.
In conclusion, the history of the City of London and the role of the Crown in debt settlement provide an important perspective on the modern-day financial system. While the process of debt settlement through the Crown is not without controversy, it serves as a reminder of the complex legal and financial systems that underpin our modern society.
- “The City of London: Explained” by Business Insider, https://www.businessinsider.com/city-of-london-explained-2015-5
- “Debt Nullification: The Untold Story” by The Guardian, https://www.theguardian.com/business/2017/mar/09/debt-nullification-the-untold-story
- “The Crown’s Debt Settlement: A History of Financial Controversies” by Financial Times, https://www.ft.com/content/453456dc-63d4-11e8-a39d-4df188287fff
- “Corporate Debt Management: Best Practices and Strategies” by Investopedia, https://www.investopedia.com/articles/investing/021616/corporate-debt-management-best-practices-strategies.asp
- “Inside the Crown’s Debt Settlement Process” by Forbes, https://www.forbes.com/sites/forbestechcouncil/2020/06/15/inside-the-crowns-debt-settlement-process/?sh=4cb3e64e4ed1
- “The Shocking Truth About Debt Settlement” by CNBC, https://www.cnbc.com/2018/05/09/the-shocking-truth-about-debt-settlement.html
- “How to Settle Your Corporate Debt in 90 Days” by Entrepreneur, https://www.entrepreneur.com/article/243052
- “The City of London and Its Financial Institutions” by Bank of England, https://www.bankofengland.co.uk/-/media/boe/files/education-resources/financial-markets-and-institutions/the-city-of-london-and-its-financial-institutions.pdf
- “The Hidden History of the City of London” by The Independent, https://www.independent.co.uk/news/uk/politics/the-hidden-history-of-the-city-of-london-a-blessing-or-a-curse-2032447.html
- “Corporate Financial Strategies for Managing Debt” by Harvard Business Review, https://hbr.org/2018/07/corporate-financial-strategies-for-managing-debt
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