Equitable right to setoff

This is what the "Live Birth cert" is for ... "identification of the one authorized to use" this "account" ... this should never be discussed in court = mental health involvement to "stop gap" (loose lips sink ships) the violation of "national security interests" ... Executive Order 13526 1.3 (e), National Security Act 1948, Lieber Code, and others.

All one should ever need do is "redeem" the "trust receipt" with the "issuer" (Registrar or Bankruptcy Trustee) because until the living dude shows up with "equitable interest claim" via the "trust receipt", that account is held in trust for use by the Fed Res and Treasury for "care and maintenance" of the "estate" held in "trust" which is just the "usufructuary interest" of the "child" associated with the "event" and "the administrator and "usufructuary" of the "agricultural estate" (BC) have "monetized" the "account receivable" (Live Birth cert) and now need to "service" the "account payable" (Live Birth cert) of the usufruct because usufruct is inherently a "dual bookkeeping system" ... account receivable ("fruit harvested") + account payable ("usufructuary duties") = "usufructuary interest"

This is where they try to limit liability by presuming one is a "trustee" or "fiduciary" with respect to the "value" received and utilized by the "Federal Reserve" when in fact one is the "beneficiary" of the "account payable" (Live Birth cert) which is a public debt obligation of the United States and that debt obligation shall not be disputed and will be considered legal and valid, provided it is NOT incurred in the aid of insurrection or rebellion (14th Amendment) by and thru a claim of ownership (13th Amendment: slavery = ownership) for that would be a breach of the "public trust" (Emancipation Proclamation/Psalm 23/Lord's Prayer) and "contract under seal" (Live Birth cert) which everyone agrees to NOT do anything with respect to "care and maintenance" of the Trust (NAME) of whose "functional operational disclosure" is the last line of the Declaration of Independence.

And right now "present consideration received" for the "LABOR and DELIVERY" is nothing more than a contract to pay in the future .... so, why not recoup on the extension of credit by "taking exception" and using the "equitable interest" to set-off all claims brought thru the name.

"I am taking exception for all current and acquired issues for tax recovery and enforcing equitable right of set-off by taking the equity from this issue (Colb/Birth Record) and apply that equity towards any obligations in this issue (BC/SS Card) for immediate set-off and forgiveness in exchange for forgiveness and discharge of future obligations to pay for consideration presently received via this issue (FRN)."

"future obligations to pay for consideration presently received via this issue" = a "security" under 1933 Securities Act = "evidence of indebtedness" = an obligation of the United States = title 18 section 8

"...and in support of this Declaration we mutually pledge our life, our fortune, and our sacred honor." - Last line of Declaration of Independence = "functional operational disclosure" of the public trust

Let me not, I pray you, accept any mans person: neither let me giue flattering titles vnto man. For I know not to giue flattering titles: in so doing my maker would soone take me away. -Job 32:21-22 = functional operation of the public trust

Lieber Code = functional notice of trust administration

Codes, rules, regulations, statutes, ordinances, and the like are only applicable to the "trustees" and "fiduciaries" which are the "usufructuary"



Read more: http://www.investopedia.com/terms/t/trust_receipt.asp#ixzz1ypQg6zCW

Definition of 'Trust Receipt'

Notice of the release merchandise to a buyer from a bank, with the bank retaining the ownership title to the released assets. In an arrangement involving a trust receipt, the bank remains the owner of the merchandise, but the buyer is allowed to hold the merchandise in trust for the bank, for manufacturing or sales purposes.

Investopedia explains 'Trust Receipt'

The buyer of merchandise subject to a trust receipt is required to maintain the merchandise, and any proceeds裂the sale of the merchandise, for remittance to the bank. In this way, the buyer is permitted use of the merchandise for their business activities, but the bank's interest in the ownership of the merchandise is protected.



Now read this:

Definition of 'Trust Receipt'

Notice of the release the full faith and credit of the people to a Federal Reserve Bank from a US Treasury or Public Trust, with the US Treasury or Public Trust retaining the ownership title to the released assets. In an arrangement involving a trust receipt, the US Treasury or Public Trust remains the owner of the full faith and credit, but the Federal Reserve Bank is allowed to hold the full faith and credit in trust for the US Treasury, for manufacturing or sales purposes.

Investopedia explains 'Trust Receipt'

The Federal Reserve Bank buyer of the full faith and credit subject to a trust receipt is required to maintain the full faith and credit, and any proceeds裂the sale of the full faith and credit, for remittance to the US Treasury. In this way, the Federal Reserve Bank is permitted use of the full faith and credit for their business activities, but the US Treasury 's interest in the ownership of the merchandise is protected.



Could the Bankruptcy Trustee be the one to visit? or maybe just the Registrar who issued the document?

"I am taking exception for all current and acquired issues for tax recovery (some offer such as a "bill" or "charge") and enforcing equitable right of set-off by taking the equity from this issue (Colb/Birth Record) and apply that equity towards any obligations in this issue (BC/SS Card) for immediate set-off and forgiveness in exchange for forgiveness and discharge of future obligations to pay for consideration presently received via this issue (FRN)."

Equitable right to set off is a right developed from the principle of equity. Equitable right to set off is a debtor಩ght to reduce the amount of a debt by any sum a creditor owes the debtor. A debtor through his/her equitable right to set off can counter demand against a creditor. Equitable right to set off arises out of a transaction that is independent of the creditor࣬aim.

The basic principle giving rise to equitable right to set off is prevention of injustice in permitting one person to enforce a claim, while at the same time on account of his/her insolvency the other party with an equally meritorious claim is left with demand wholly unenforceable against an insolvent debtor.[Fischer v. Pope, 233 Ala. 301 (Ala. 1937)]

http://definitions.uslegal.com/e/equitable-right-to-set-off

a third party waives its Seventh Amendment right to a jury trial by filing a claim in a bankruptcy case and is subject to the equitable powers of the bankruptcy courts. It is therefore well-settled law that upon filing a claim, a party submits itself to the equitable jurisdiction of the bankruptcy court and waives its right to demand a jury trial.

http://www.martindale.com/banking-financial-services/article_Cadwalader-Wickersham-Taft-LLP_1138678.htm

"The right of setoff ... allows entities that owe each other money to apply their mutual debts against each other, thereby avoiding 'the absurdity of making A pay B when B owes A.'" Citizens Bank of Maryland v. Strumpf, 116 S. Ct. 286, 289 (1995) (quoting Studley v. Boylston Nat'l Bank, 229 U.S. 523, 528 (1913)).

http://www.justice.gov/usao/eousa/foia_reading_room/usam/title4/civ00065.htm

http://www.justice.gov/usao/eousa/foia_reading_room/usam/title4/civ00065.htm



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