This idea fascinates me too, in respect of vehicles AND land/property. However HOW? How can you or I possibly de-register something that IS NOT OURS? It's THEIRSFreeman-B wrote:... I am planning on de-registering mine pretty soon...

This idea fascinates me too, in respect of vehicles AND land/property. However HOW? How can you or I possibly de-register something that IS NOT OURS? It's THEIRSFreeman-B wrote:... I am planning on de-registering mine pretty soon...

This is a Guarantee Bond, a copy of a standard form from work......it has no inherent value, the Guarantor simply "promises" to cover the cost if the contractor goes under.....How good is the Banks promise ? ..... No phucking good when recent events demonstrated that they can go under themselves....I asked the QS's at work if our legal department would be looking for something more concrete in future due to these recent (banking) events....he just smiled nervously.
You notice it says The Guarantee Bond is made as a DEED.....it is a trust document.
So I suppose I would call my one a Security Bond and write it in such a way that the security will be held with a Trusted third party in the event that it is called upon....one of their solicitors would suffice for the purpose as trustee to keep it safe, the lien debtor would be a trustee for the debt....the beneficiary would be me and the third party....and I would be the grantor....
Well I think that is how it would go....more research to be done.


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