[DISCONTINUED] Debtor Act
Posted: Fri Oct 22, 2021 9:55 am
The World Assembly,
UNDERSTANDING, that a debtor is a person or institution that owes a sum of money, and that person has a low income and a high debt and cannot pay the debt off.
CONSERNED, that debtors will not be able to pay their bills or buy food and have proper housing, along with the risk of going to a debtors jail.
Along with the fact that debtors are borrowing money and taking loans that help with their debt, put repaying back those loans will put them back in debt unless they have a good job with a good income.
BELIEVING, that debtors will not be able to pay the debts back in time, therefore going to debtors jail. Also believing that certain people who owed money by debtors are too harsh on people with debts they owe to that person.
Knowing that people in debt will not have the proper amount of money needed to pay for housing, food or taxes, hereby:
1. Creates the NDA (National Debt Association) for other nation's citizens to pay for their taxes, bills and proper housing for those who are in serious debt and cannot pay for those needs daily.
2. Forbids the usage of the debtor jail, and will postpone repayments to banks for debtors. Also preventing debt collectors from suing debtors.
3. Forbids punishment to debtors for not paying the debts, and defends debtors from banks and tax or debt collectors threatening the person,
and will introduce debtors to new jobs with a high salary.
Hoping that debtors will recover from their debts and will be able to live a better live than before, hereby proposes the "Debtor Act".
UNDERSTANDING, that a debtor is a person or institution that owes a sum of money, and that person has a low income and a high debt and cannot pay the debt off.
CONSERNED, that debtors will not be able to pay their bills or buy food and have proper housing, along with the risk of going to a debtors jail.
Along with the fact that debtors are borrowing money and taking loans that help with their debt, put repaying back those loans will put them back in debt unless they have a good job with a good income.
BELIEVING, that debtors will not be able to pay the debts back in time, therefore going to debtors jail. Also believing that certain people who owed money by debtors are too harsh on people with debts they owe to that person.
Knowing that people in debt will not have the proper amount of money needed to pay for housing, food or taxes, hereby:
1. Creates the NDA (National Debt Association) for other nation's citizens to pay for their taxes, bills and proper housing for those who are in serious debt and cannot pay for those needs daily.
2. Forbids the usage of the debtor jail, and will postpone repayments to banks for debtors. Also preventing debt collectors from suing debtors.
3. Forbids punishment to debtors for not paying the debts, and defends debtors from banks and tax or debt collectors threatening the person,
and will introduce debtors to new jobs with a high salary.
Hoping that debtors will recover from their debts and will be able to live a better live than before, hereby proposes the "Debtor Act".