I apologize...yes i realized after the fact that I had posted on someone else's thread, and didn't know how to remove it...and didn't realize there was commercial limitations. I am sorry again...I will try to modify the read since it was most interesting. Also I have found much of what is written here applies to our canadian law..don't forget we are still under charter with no real constitution, and subsequently still pledge alegiance to the Queen. For example the Data Protection Act is shared by us both and a number of other countries...most helpful indeed. Best all Jcr

Hello all, This is my first post...I must publicly thank Goldlady for conversing with me, and sharing her experiences with me. Being on the other side of pond, Canada, this is what is happening in our neck of the winds. I have conversed with this chap a few times. Believe it or not this man has received a judgment against Canadian Imperial Bank of Commerce for $1.4 billion..yes with a B! Apparently monetizing the debt is the next hurdle..what that involves I am not certain. Opinions on what is written below are more than welcome. I am preparing to deal with a 4 credit card companies, but I have assets that concern me..house, rentals...that I fear they may lien if judgement is granted...so here I am. I could pay them by mortgaging a property but is this the right thing to do. There is little room to negotiate with these folks..Anyways i take this move with trepidation. Any opinions are welcome on whether John's method of dealing with the cc's is appropriate, or dangerous. Best regards, JCr [edited]